BoobyMiles
New Member
yes - i believe that was correct. they gave clients the right to cancel contracts, and when those clients took them up on the offer, they ran into cashflow problems given the maturity mismatch (funding long-term assets with ST funding/"rolling over of contracts")... could be wrong, but pretty sure that was the correct answer3. Also one question was about MGRM failure, was it 'customers started to close their contracts' as the reason for its failure?