China

Statement from the Provisional Liquidators, MF Global Hong Kong Limited (in Liquidation) ("MFG HK") 

This is an update following our Statement to clients on 17 February 2012.

 

Second interim distribution application:

 

As mentioned in the last update, the Provisional Liquidators ("PLs") are in the process of preparing an application to seek an Order from the Court for a second interim distribution. The PLs expect that application will be filed with the Court within the next week.

 

Any client which has not yet submitted the claim form previously provided (see link below), will be required to do so before they can receive any further distributions, if and when the Order is granted by the Court.

 

http://www.kpmg.com/cn/en/PressRoom/Documents/MF-Global-Claim-Form-20111205.pdf (PDF 74KB)

 

Reconciliation of clients' positions:

 

In last week's update, the PLs stated that the reconciliation of MFG-HK's clients' positions on the Hong Kong, Australian, Japanese, Korean and Singaporean exchanges has now been completed.

 

However, the PLs have since been informed that the statements issued to us to date by MFG-Singapore were issued on the basis that they are subject to verification and/or revision by the Provisional Liquidators of MFG Singapore, and cannot therefore be relied upon at this time.

 

Therefore, the reconciliation process in respect of clients' Singapore positions is subject to final verification and confirmation from MFG Singapore and the reconciliation process in respect of clients' North American and UK positions is ongoing.

 

Clients of MFG-HK are encouraged to contact Ms Jasmine Lai on +852 2913 2539 or email mfglobalhk@kpmg.com should you have any enquires.

 

 

Yours faithfully

For and on behalf of MFG-HK (In Liquidation)

 

Patrick Cowley

Joint and Several Provisional Liquidator

 

(The Joint and Several Provisional Liquidators act as agents of MFG-HK without personal liability)