1/12/12 Trustee Giddens’ MF Global Presentation

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Trustee.MF Global Presentation - 1 12 12

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2 Comments

  1. It seems so. If you divide the assets that the trustee says he has marshalled for the 4d accounts, that’s about 90% of the estimated claims on those accounts, and the shortfall is of the order of $500-$600 million. What I would like someone to comment on are the “substantial claims” on the undistributed money, about $1.45 billion, to which the trustee refers. Who can have “claims” on segregated customer money and how much are those “claims”?

  2. finally it has been made clear…the 1.2 billion dollar shortfall is inclusive of 30.7 accounts. the UK affiliate is holding nearly 800 million which is in dispute (creditor over customer) so giddens filed to be a creditor and is now the largest. UK has claims to 250 million of omnibus account. Does this mean US seg 4d shortfall is really 500 million or so?

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