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Exclusive: MF Global drew up survival manual in final days


The report, which was undated but appeared to be drafted before October 20, shows how the firm was furiously mapping out scenarios as markets started losing confidence in the futures brokerage.

The document played out four different scenarios that could occur after the firm reported its second-quarter loss on October 25, two of which involved "business as usual" and two of which called for a contingency plan if MF Global started having trouble funding itself.

Even under these latter scenarios, the document concluded "there is sufficient liquidity to manage through one month under a severe stress event."


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