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Controversy over SIA DLC shorts stems from risks caused by SocGen's untimely disclosure

THE decision by major structured products issuer Societe Generale (SocGen) to make a S$0.30 "goodwill" payment to traders who lost the entire value of their holdings in the 5x Short Singapore Airlines (SIA) daily leveraged certificates (DLCs) is a fair one.

The DLCs last traded at S$0.81...

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