Canadian Derivatives Clearing Corporation Statement On MF Global Canada

Canadian Derivatives Clearing Corporation (CDCC) announced today that it has completed the transfer and closure of all remaining open positions as part of the execution of normal default management processes related to the bankruptcy of MF Global Canada.

Customer positions for which the clearinghouse received transfer instructions were moved to a receiving clearing member, with the remaining positions closed out in the market after receiving instruction from the 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.

MF Global Canada Co. customers can contact KPMG about their accounts at 416-777-3666 or toll free at 1-866-602-6743 or email mfglobalcanada@kpmg.ca.