mf global - creditors, page-15

Last week I made enquiries with the ASX concerning the situation with MF Global. The reason for this is that there are three compensation funds that relate to the markets operated by ASX. These are the National Guarantee Fund, the ASX Supplemental Compensation Fund and the SFE Fidelity Fund. http://www.asx.com.au/products/ngf.htm.

MF Global was a member of the ASX 24 and ASX Clear (Futures) Participant Directory until suspension effective as at 1 November 2011. (which is a requirement for the scheme)

At this time I do not know if the circumstances surrounding MF Global are covered by these schemes, however

"Subdivision 4.9 - Property entrusted to a Dealer who becomes insolvent. If you have entrusted property (which includes money or securities) to a Dealer and that Dealer later becomes insolvent, you may claim on SEGC for any property which has not been returned to you or
which has otherwise not been dealt with in accordance with the Dealer's obligations to you. The property must have been entrusted in the course of or in connection with the Dealer's business of dealing in securities and the property must have been received by the Dealer on your behalf or as trustee for you. Money loaned to a Dealer is specifically excluded."

I have written directly to the Administrator and await a response. There is a time limit on claims and as such would depend on what Deloittes is doing.

If anybody knows whether this scheme does or does not cover the MF Global situation could you please enlighten me and others. Thanks in advance.