MF Global Canada clients to get All their money back by Dec 2

title refers first, to forex clients, however, the article states:
"KPMG is working with RBC Dominion Securities on the transfer to clients of the
futures, bond and stock accounts. Both groups will be getting paid within a week
he [KPMG's Mr. Harris] said."

'MF Global Canada forex clients to get money back by Dec 2'
by Nicolas Johnson
Globe and Mail Update Published Friday, Nov. 25, 2011 6:22PM EST
Last updated Friday, Nov. 25, 2011 6:25PM EST

"Foreign-exchange clients of MF Global Canada Co. will get all their money by
Dec 2 after having been excluded from an earlier agreement, said the trustee for
the bankrupt brokerage.
The Ontario Superior Court of Justice has authorized cash payment to MF Global’s
2,500 foreign-exchange clients, KPMG Inc. the court-appointed trustee said Friday.
KPMG had said a week ago that it aimed to make the payment by Nov. 30.
“They’ll be paid within a week,” Richard Harris, the KPMG partner overseeing the
transaction, said in an interview. The foreign-exchange clients are “getting a
hundred cents on the dollar, which relative to what’s happening with MF Global
around the world is a pretty positive story.”
A previous agreement to repay MF Global’s futures, bond and equity clients by
next week excluded holders of forex accounts, leaving some confused about the
status of their funds almost three weeks after the Oct. 31 bankruptcy of the
brokerage’s U.S. parent, MF Global Holdings Ltd.
The Canadian Investor Protection Fund was helpful in getting full repayment to
the forex clients, Mr. Harris said. KPMG is working with RBC Dominion Securities
on the transfer to clients of the futures, bond and stock accounts.
Both groups will be getting paid within a week, he said. At stake are about
$400-million in investments."
http://www.theglobeandmail.com/glob...ts-to-get-money-back-by-dec-2/article2250314/

Canadian Investor Protection Fund (CIPF or the Fund)
'MF Global Canada Co. Questions and Answers'
http://www.cipf.ca/Public/NewsAndPu...Canada/MFGlobalCanadaQuestionsandAnswers.aspx
'Fund offers $40-million help for MF Global Canada clients '
by David Parkinson
Globe and Mail Update Published Tuesday, Nov. 15, 2011 5:33PM EST
Last updated Monday, Nov. 21, 2011 1:28PM EST
"The Canadian Investor Protection Fund (CIPF) will temporarily provide up to
$40-million for customers of bankrupt brokerage firm MF Global Canada Co. to
tide over investors who have funds that remain entangled in the bankruptcy
proceedings of the firm’s U.S. parent."
http://www.theglobeandmail.com/glob...-for-mf-global-canada-clients/article2237267/

Interactive Brokers Canada Inc: http://www.interactivebrokers.ca/en/main.php
Oanda: http://fxtrade.oanda.ca/

"Global Securities is a member of the Canadian Investor Protection Fund (CIPF).
Recognizing that large accounts have large concerns, Global offers its clients even
more insurance. Clients who have accounts with Global can have up to $10 million
coverage on their accounts - $9 million more than the standard industry coverage."
http://www.globalsec.com/about/investor_protection.aspx
located in Vancouver, Canada

 

they;re lucky to be a Canadian customer then.

so much for the US Of Screwed.

 

Giddens would never let this happen in the US. He has a vested interest in delaying the proceedings, and a history of being successful at it.