In conjunction with regulators and MF Global Inc. bankruptcy Trustee, CME Clearing completed a bulk transfer of customer positions and collateral to receiving clearing firms on Friday, November 4, 2011. The bulk transfer process was completed with the assistance of MF Global Inc, who supplied individual client account information.
CME Clearing has learned that account information pertaining to some clients of MF Global Canada was inadvertently included in the U.S. customer data provided to CME Clearing by MF Global. Such transfers of Canadian accounts were not authorized by Canadian regulators nor the Trustee of MF Global Canada. As a result, CME Clearing is working under the Trustee's direction to transfer these accounts back to MF Global Canada prior to the market opening tomorrow, November 7, 2011. Position transfers for these accounts had been processed to Vision Financial Markets LLC, a U.S.-based clearing firm.
CME Clearing is working diligently to complete these transfers and asks clients to contact MF Global Canada, or its Trustee, for further information about their accounts.