MF Global UK Ltd announced a timeline for returning funds

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Source: Marketwatch
© Scanpix/Reuters

Experts of bankrupt MF Global UK Ltd. announced a timeline when clients of the company can get their funds back. The clients have to submit claims from December 8 to March 30 with the purpose to get back their funds back in 14 days after the claim was accepted by administrators. A timeline creates more certainty about the number and scale of claims thus allowing a return of the part of client funds till March 30, said Richard Heis, Joint Special Administrator of MF Global UK.

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