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TFC Commodity Trading Forum

Re: MF Global - can this help in the future?

Gian, makes sense as long as you don't get your money to fragmented and not able to trade what you would like based on margin.

I have a link below and even some of the creditors were trying to stop distributions to commodity clients even though it has been stolen. I guess if you are a current creditor (not a customer/client), if you can stop the distibutions of money there may be more money that creditors can get thru bankrucpty.

I sent my paperwork for my claim against MF last week. It is important to file a claim even though you may not be a creditor or investor in MF. The reason is that, if you had a commodity account and say you get 72% back you will automatically have a claim against the company during the bankrucpty and possilble liqudation for the remaining 28%. I don't know where we will be on the pecking order of the liqudation. Were do clients land in the pecking order compared to bond holders, secured credit holders, stock holders, etc.... That money, if any will be tied up for a few years, I guess. This article at the link says they have assets of approximately 41 billion, and debt of over 39 billion. Not much difference. I would guess that if they start to liquidate the assets they will get less then they think.