MF Global Weekly Round-Up: Week Ending 11 November 2011

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• 7 November - UK Special Administrator says that all open client positions relating to foreign exchange (FX) have been closed as of 4 November 2011, and that they are working on providing closing information.

• 7 November - the SIPC Trustee announced that MF Global Inc. commodity customer accounts that had not yet been transferred by the Trustee can now be transferred, provided that the account holder finds a Futures Commission Merchant (an "FCM") willing to accept a transfer of the positions in the account without collateral. All account transfers must be completed by 5:00 p.m. EST on 11 November, at which time the process of an orderly liquidation of non-transferred accounts will begin.

• 7 November - the US Trustee's Office appointed a five-member unsecured creditor's committee in the MF Global bankruptcy case.

Please see full update below for more information.

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Published In: Bankruptcy Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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