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 bankruptcy hits farmers, ranchers
    “Sometime in the middle of the night heading into October 31, the CME Group – the exchange that’s MF Global’s designated self ... contained some customer funds. “The trustee has said he wants to release 60 percent of customer assets.
    11/27/2011 - 11:00 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
  • Live Updates: Inside MF Global’s Bankruptcy Hearing
    05:16 PM And We’re Adjourned We’ll be back in court on Thursday at 11 a.m. for the trustee’s motion to distribute 60 percent of the remaining MF Global customer funds. A lawyer for the CME Group ... an urging to release some cash now.
    11/15/2011 - 1:53 pm | 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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