From my understanding the money from ASX goes to the Futures client pool. CFD clients are waiting on Deutsche Bank, who have so far refused to hand over the cash, and aren't commenting as to when, or even providing the information on close out prices. They aren't a risk free counter-party either, as following article makes clear:
http://www.bloomberg.com/news/2011-11-21/johnson-deutsche-bank-could-transfer-contagion.html#
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- mf global and etrade
mf global and etrade, page-86
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