Cmcplc.com

[cecja]

Hiya.

CMCPLC says that they have about 7000 CFD clients, however I’m wandering how all this people have signed they “Intermediate Customer Notice” which under this Agreement they will be treated as unsecured creditors if CMC goes out of the business.

Any thoughts are appreciated.

 

[cecja]

cmc

Wish I could figure out “why no one has responded to my thread”?

 

[neil]

Re: cmc

Wish I could figure out “why no one has responded to my thread”? [/QUOTE

It seems English is not your first language?

But if you are refering to the legal language of CMC's terms of business then you must understand that if you are invited to read their terms of business you are :

(a) Deemed to have read them

(b) Deemed to have understood them

And

(c) If you trade with them, you do so under their published terms.

If you dislike the terms then do not trade with them.

Unsecured creditor: means you are last in line to be paid IF there are any funds left to permit such payment

 

[awoodj]

CMC and protection by FSA etc

I believe you are correct regards this and CFD's, i think if you use CMC to Spreadbet (Similar platform/prices) then you are covered by the FSA rules as you don't have to be classified as a professional type investor to SB.

Just my take on it so double check yourself.