CME Transfers 5,300 MF Global Customer Accounts

November 4, 2011 05:33 AM
 

The CME Group says of Nov. 3, 2011, it has transferred nearly 5,300 MF Global customer accounts and more than $410 million of CME Clearing-held collateral to other qualified clearing firms. CME Clearing continues to hold MF Global proprietary and customer collateral that will be distributed upon instructions from the Trustee and the bankruptcy court.

CME Group expects transfers for additional accounts at CME and the other exchanges and clearinghouses to continue throughout the day today. Customers with accounts transferring will receive communications from their receiving firm following the transfers.

 


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