Global Brokerage Inc. (GLBR)

[Green2013]

For those who don't understand collateral on a loan agreement here are some comments from a verified FXCM broker........

.....To clarify, the collateral for the Leucadia loan is ownership of FXCM's operations, not the money in client accounts. As I mentioned previously, our plan is to repay the loan with proceeds from the sale of non-core assets. However, if for any reason, we were unable to repay the loan on schedule, Leucadia would own the stock of the company and could sell it. That still would not let them take client funds.

If client accounts were at risk from the loan, then regulators would never have allowed that money to be counted as capital for the firm. It's worth noting that FXCM is in compliance with all regulatory capital requirements in the jurisdictions in which we operate. The financing we received from Leucadia has strengthened our balance sheet and gives us the opportunity to grow our core business......

Read more: http://forums.babypips.com/fxcm/71953-will-fxcm-around-3-years-leucadia-loan-terms.html#ixzz3b6IOQAK6