Member Firms

This guidance is for counterparties who believe they have an unsettled on-Exchange transaction with MF Global UK Limited.

3 November 2011 Update

Any member firm which believes it was counterparty to any unsettled, non-central counterparty, on-Exchange transactions with MF Global UK Limited must notify the details to the Exchange as soon as possible.  Member firms are requested to complete and return a spreadsheet setting out the full details of these transactions.

It is important for member firms to make the Exchange aware of these transactions. The law provides that the Exchange’s Default Rules take precedence over the insolvency rules applied by MF Global administrators. Failure to notify the Exchange of relevant trades may result in a calculation of members firms’ net positions with MF Global UK Limited which is less favourable than it might otherwise be.

Notifications should be made to the Default Official at: defaultofficial@londonstockexchange.com

Counterparty details - instructions
Member firms that believe that they are a counterparty to any unsettled on Exchange transactions where MF Global UK Limited is a counterparty, should complete the excel spreadsheet in the downloads below and return this to defaultofficial@londonstockexchange.com.

Each member firm's Member ID should be included against each trade and also in the name of the spreadsheet returned to the Exchange.

Downloads
Unsettled MF Global Trades - Member Firms (file xls - 25 KB)
Unsettled MF Global Loans - Member Firms (file xls - 25 KB)