Recent content by Trader101

Dear Hatton I think with the MF global CFD accounts -looking closely at the table - the client has 80mil of claims, the admin has collected 68 mil of cash and has 13 mil that they believe they will collect (dbal 7 mil is part of this) so total 81 mil of asset but there are also 7 mil of...

For those that you recieved the notice on Friday, I was wondering why is there 6mil short fall in CFD accounts? Does this mean that 6 mil of client segerated funds is missing as the case in the US? If this is true then where has this money gone, why no details on this from Dellioties...

If someone from Delloite's are reading this, can they explain the following: 1/ Why is the administration taking so much longer then Hong Kong and the UK administrators? 2/ Why are they not answering client questions directly and hiding behind a wall of MF global staff who are shielding them...

Dear Hatton I don't know if Admin Delloite's are working very efficiently, if we compare to UK and HK it seem they are a lot slower. Also according to their web site Delloite's Australia was closed for 3 weeks between 24/12/2011 and 08/01/2012. this I think is joke and a insult to all the...

Might be a good idea to go down to the office and see whats going on if you are in sydney

I haven't seen any updated from our administrator for 3 weeks, I thought they were suppose to finalise the distribution method after the creditors meeting on 22nd of Dec. I tried to call yesterday but no once answered - not sure if they are still working on the case.

Thanks Hatton I think as in the Sonray case it will be long fight, but hopfully the combination of legal action and neg publicity pressure saxo to make a significant payment. Hopefully the same will happen with MF global counterparties. Out of interest do we have or adminsttraors any...

Hi Hatton My biggest concern is that it's not the client’s job to come up with a methodology for distribution. It's the administrators job to do this and to do this quickly and by the letter of the law. In HK KPMG has done this in a much short time then Deloittes and I am interested to know...

One thing I don’t understand, Why does Deloitte need to wait for all the statement from DBAL before they can go to court with a method of distribution. Shouldn’t they come up with a METHOD for working our client balance first and win court approval for this method. and once the method has...

That sounds good - does any one have a contact detail for jamie clinnick - he was ex mf global employee now on the creditors commitee -very smart guy If we can get Jamie and jim taig in our group then we have 2 member of the creditor committee, and some say over approving pay for administrator

I have spoken to the hotline and it appears the cost of the adminstration cost is not decreasing at all. I think there is 2 path that we need to progress along, firstly we need to get through to the commitee of creditors. these people of some influence over the adminstrators as they approve...

Thanks what do you think of using the closing the balance on cob of the 2 nov (time of adminstrtion) rather then pay accounts to go through all the accounts and getting excat fills

The 2 drivers of the AUDUSD to record highs earlier this year are the interest rate differential (which drives the current care trade and the EM equity story. Now that that the market is pricing the cash rate to be around 3.5% by end 2012 (in the bill futures), the interest rate differential...

Re: Implications of interest rate on share market? From an pure equity point of view lower interest rate is good for stock prices, it both lowers the cost of borrowing for companies and leads to(increase in profit, lower interest rate also stimulate more demand and will benfit revenue...

Thanks hatton01 For the update but when I called mf global the answers I got were very different. First the MF Global staff who answered my call did not agree with DELOITTE policy of not paying out the cash they have on hand. Secondly the estimate time frame for distribution were not expect...