The UK special administrators have provided some information for
clients with positions with MF Global UK Limited ("MF Global
UK"):
- All open client positions relating to foreign exchange (FX)
have been or are being closed as of 4 November 2011
- The special administrators are working on providing closing
information
- Creditors will receive formal correspondence from the special
administrators in the next seven days detailing the process for
making a claim
Question to the special administrator: I have open
positions with MF Global - what is happening with
these?
Answer from the special administrator: The special
administrators have said that they and the company staff are
working to transfer open positions where possible. Where exchanges
and counterparties have defaulted MF Global UK under their own
rules, thereby effectively terminating customers' positions,
the special administrators have said that they are working closely
with them to try to optimise
