EU 4.9 million loss-Societe Generale Reports

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02-24-2008, 06:20 AM

Sam

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Join Date: Feb 2008

Posts: 156

EU 4.9 million loss-Societe Generale Reports

According to a German newspaper article Jerome Kerviel went long DAX Futures with 140.000 contracts at the beginning of 2008. Since then the Future lost about 600 Points. 600*25*140.000= 2.100.000.000 €

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