MF Global client positions closed out

Canadian Derivatives Clearing Corporation has completed the transfer and closure of all remaining open positions in MF Global Canada client accounts.

Customer positions for which the clearinghouse received transfer instructions were moved to a receiving clearing member.

The remaining positions closed out in the market after receiving instruction from KPMG, which is acting as trustee for MF Global Canada. The positions were fully collateralized throughout this process, and collateral held at the clearinghouse will be returned to the trustee in accordance with CDCC’s rules.

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