MF Global Singapore resigns from SGX
Singapore Exchange (“SGX”) has accepted the resignation of MF Global Singapore Pte Limited (“MF Global”) as a Member of Singapore Exchange Derivatives Trading Limited (“SGX-DT”), Singapore Exchange Derivatives Clearing Limited (“SGX-DC”) and Singapore Exchange Securities Trading Limited (“SGX-ST”). This completes the administrative process that remained after all SGX derivatives positions of MF Global’s customers had been transferred to their alternative clearing members or closed out, and all margins had been transferred to customers’ alternative clearing members or returned to the Provisional Liquidators of MF Global.
Customers’ derivatives positions were transferred to other clearing members or closed out by MF Global by Nov. 10, 2011. Customers’ margins were successfully transferred to their alternative clearing members on Nov. 25, 2011. Remaining customers’ moneys were returned to the Provisional Liquidators of MF Global on Nov. 20, 2011. MF Global has no outstanding obligations to SGX-DT, SGX-DC and SGX-ST.
MF Global ceases to be a Member of SGX-DT, SGX-DC and SGX-ST with effect from Feb. 28, 2012.