1. Home
  2. Browse Decisions
  3. A.D.2d
  4. 216 A.D.2d
  5. 216 A.D.2d 231 (1995)
 

MERCAFE CLEARING, INC. v. CHEM. BANK

216 A.D.2d 231 (1995)

628 N.Y.S.2d 700

Mercafe Clearing, Inc., et al., Appellants, v. Chemical Bank, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

June 29, 1995

Plaintiff Mercafe Clearing, Inc. ("Mercafe") is a futures commodities merchant that trades on the Coffee, Sugar and Cocoa Exchange ("the Exchange"). The Exchange is regulated by the CSC Clearing Corporation ("CSC"). Individual plaintiff, Sebastian Angelico, is Mercafe's principal.

CSC's rules require Mercafe to maintain a "margin account" with an "authorized bank". By 10:00 A.M. of each business day, CSC issues each member merchant a demand for payment, or margin...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases