08 Feb '12, 2pm

AUSSIE #MF GLOBAL CLIENTS GETTING ZERO FROM DELOITE WHY???

SINGAPORE: Customers of MF Global Singapore will soon receive up to 90 per cent of their proprietary entitlement. The High Court of Singapore on Wednesday sanctioned KPMG, the appointed provisional liquidators, to make an interim distribution of up to US$350 million to customers. The total segregated and proprietary funds of customers total US$405 million. "We expect to be able to start making interim payments in late February 2012, whilst efforts continue to be made to work towards the completion of the reconciliation of customers' accounts and collection of the remaining customers' funds," KPMG Singapore head of transactions and restructuring, Bob Yap said. However, the extent of each customer's entitlement will vary from customer to customer. In a statement released Wednesday, KPMG said it will continue to verify customers' accounts. It also pledged to continue working ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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