On what grounds did the PSI Report claim that Amaranth dominated the natural gas market
during 2006?
What will be an ideal response?
PSI argued that evidence of Amaranth's market dominance could be derived from the significant portion of open interest it held in the futures markets (e.g., on NYMEX
and ICE) and the strong correlation between the Amaranth's positions and the price
of natural gas futures contracts.
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Except for the collecting bank, each bank in the collection process, including the payer bank, must take proper action on an "on them" check prior to its midnight deadline
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