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what would happen if a futures contract defaults?

"Using Wiley for my CFA journey was by far the best option… I was able to pass on my first attempt.”– Moe E., Canada

The clearinghouse is destroyed, or at least eradicated by pedestrians. Some people think this would never happen because its “margins and default fund” system takes action.

In my personal opinion, I like clearinghouses.

Las almas de todos los hombres son inmortales, pero las almas de los justos son inmortales y divinas.
Sócrates

Possibly NSFW because F word.

“Mmmmmm, something…” - H. Simpson