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London Metal Exchange: MF Global UK Limited

Date 31/10/2011

  1. MF Global UK Limited (“MF Global”) has today been declared by LCH.Clearnet Limited (LCH) a defaulter under the Default Rules of LCH.
  2. Such a declaration constitutes an “Event of Default” in relation to MF Global pursuant to Regulation 1.7 of the Default Regulations of the Exchange (the “Default Regulations”).
  3. Accordingly, the Exchange hereby determines, pursuant to Regulation 2.2 of the Default Regulations, MF Global to be a Defaulter.
  4. MF Global has been suspended from LMEselect and the Ring with immediate effect.
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