MF Global Singapore Pte Ltd (“MF Global”) has informed Singapore Exchange Limited (“SGX”) that it has appointed provisional liquidators from KPMG to oversee the winding down of the company.
The appointment does not affect the transfer of customers’ derivatives positions on SGX from MF Global to other clearing members. SGX will continue to facilitate the orderly transfer of positions. Derivatives customers who wish to transfer their positions from MF Global to other clearing members should contact MF Global to do so. Alternatively, the derivatives customers may choose to liquidate their positions directly with MF Global. MF Global is currently meeting their financial obligations to the SGX’s derivatives clearing house.
