Mf Global Trustee In Deal With Cme To Release $130 Million

The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm.

BING NEWS:
  • CME Strikes MF Global Deal
    The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm. The figure will be ...
    06/14/2012 - 8:40 am | View Link
  • MF Global fiasco makes case for better client protection
    The MF Global collapse has prompted the government to at least acknowledge the issue with the release of a consultation ... The futures exchange CME Group in the US has guaranteed $US550 million to the bankruptcy trustee of MF Global to increase the ...
    12/18/2011 - 12:09 am | View Link
  • CME Defends Handling of MF Global Collapse
    Customers have said CME should have exercised greater oversight of MF Global before its bankruptcy, with some calling for the exchange to compensate clients for their losses while a MF Global trustee searches ... after a proposed deal was voted down ...
    11/30/2011 - 8:49 am | View Link
  • CME to increase MF Global guarantee
    CME Group on Tuesday moved ... existing guarantee designed to expedite the release of MF Global client funds trapped by its Oct. 31 bankruptcy. CME said it would increase the guarantee offered to MF Global's trustee to as much as $600m from the $300m ...
    11/22/2011 - 11:00 am | View Link
  • MF Global: Still With The Makings of A Black Swan (Guest Post)
    Interesting development in the MF Global story. The $300mm is in the form of a guarantee. The objective is to get the Bankruptcy Trustee to release money owed to former ... Trustee will accept or reject the CME deal (I’m sure there are strings).
    11/13/2011 - 8:46 am | View Link
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