Indiana Grain Company, LLC

Posted: 11/03/11

By: tomgrisafi

Our friends at the CME Group have put out another statement with regard to MF Global and court approval to transfer MF Global accounts.

The statement reads as follows:

Throughout this week, CME Group has worked diligently with the CFTC and the MF Global bankruptcy trustee to facilitate the transfer of MF Global customer positions to other qualified clearing members.

We are pleased to share that the bankruptcy court has approved our proposal to transfer accounts to qualified firms along with a portion of CME Clearing-held collateral.

We will continue to facilitate the transfer of positions and accounts of customers and affiliates of MF Global, and will also continue to assist the efforts of the CFTC and bankruptcy trustee to recover customer segregated funds held by MF Global.

Source: CME Group

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