Why would you want to protect yourself from a margin call? Let me interject here before his idea there of his gets oudda hand...what he said was
"$20 dollars BUYS $50,000 dollars of Interbank Protection Coverage for 24 hours, after 24 hours you have to remove the $50,000 or add another $5 dollars."
Me thinks he was simply bein the self-proclaimed Jester w/that "brain"storm there.....which is why I added in so many words....if that were so...I'd pony-up for 10x's the prtoection upfront...cuz I know I'd be needing it....& most likely tap-out said acct quite soon.....lol
Sure wish the Interbank or some other outfit would offer coverage like this.....it'd be like trading 4x on training wheels...which would come in quite handy much of the time...lol
How about this idea....call it a SIV for 4x of sorts....folks agree to put up a % of their accts for this fund....in turn they receive a certain % back...maybe a lil higher than their home country dominations fed funds rate...it'd give folks an incentive to do it over simply having their cash sit gettin a lower rate. & it could be on a floating scale of course....the more they allow the fund to have...the higher their return...of course the funds would also have to be locked in for a certain period as well...the shorter the period, the lower the rate of return....& another lil incentive....if they decide to do it...they receive a bargain rate should they wish to purchase the product for their own acct.....maybe $17.50 buys the protection? ;)~
See what ya've done now Jester.....damn near got me right off my NY's reso...& early on day 3 no less...lol
