CME Group Inc. said Nov. 11 it was taking the “extraordinary measure” of offering up to $300 million in financial guarantees in order to help ensure the return of funds to market participants affected by the recent bankruptcy of MF Global.
In a news release, CME Group said that $250 million would be available to the trustee in the bankruptcy case, and that $50 million would be earmarked for market participants in the event that there is a shortfall when the trustee finishes doling out funds to former MF Global clients.
In a Nov. 14 letter to the “CME Group ...
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