The SIPA Liquidation of MF Global Inc. - James W. Giddens, Trustee MESSAGE TO FORMER CUSTOMERS OF MFGI (Notice)

PROGRESS REPORT OF THE SIPA TRUSTEE OF MF GLOBAL INC. - NOVEMBER 7, 2011

In a message to customers of MF Global, the Trustee, in coordination with the CFTC, SIPC, and the CME and other exchanges, states that he has been able to transfer approximately 17,000 customer accounts with open commodities positions, along with approximately $1.55 billion in collateral, which is approximately 60% of the collateral that had been associated with these positions at the time of the bankruptcy. This Court-authorized bulk transfer was the maximum relief available under the law and the circumstances, and it averts mandatory liquidation of the transferred positions under governing CFTC rules.

Cross References: CEA Section 4d; CFTC Rules, Part 190