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Note 11. Contingent Liabilities


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The CFTC records contingent liabilities for legal cases in which payment has been deemed probable and for which the amount of potential liability has been estimated, including judgments that have been issued against the agency and which have been appealed. In FY 2012, the Commission is involved in one civil matter which it believes the chance of an unfavorable outcome to be probable. The potential loss in this matter is estimated to be $150,000. Additionally, the Commission discloses legal matters in which an unfavorable outcome is reasonably possible. In FY 2012, the Commission was involved in three civil matters which it believes the chance of an unfavorable outcome to be reasonably possible. The potential loss in these cases is estimated to be $473,648.70.

 

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