Amid the torrent of headlines emanating from the credit crunch in recent weeks, the demise of small London
broker RV Capital slipped past relatively unnoticed. But the firm is not the first firm to get into trouble, and it is unlikely to be the last.
RV Capital, a non-clearing member of Liffe, collapsed late October when it was declared in default of exchange rules. A default, according to Liffe, is an event which leads the exchange to determine that a member is or appears to be unlikely to become able to meet his obligations under one or more market contracts.
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