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FFA market to learn fate of October 'meltdown'
Michelle Wiese Bockmann and Neville Smith - Friday 7 November 2008
THE freight derivatives market will learn on Monday of any major defaults from Friday’s monthly settlement deadline for October trades, following the collapse in physical bulk carrier rates last month.
November 7 was the last day traders had to settle forward freight agreements trades for October.
But many faced significant losses after...
