Outlook for IB Claims in MF Global Bankruptcy Improves, Claim Sale Opportunities Arise

Many IBs have general unsecured claims in the MF Global Inc. SIPA liquidation. As demonstrated by the recent sale of a large general unsecured claim at 90% of the claim amount, institutional players believe such claims have very strong prospects for recovery. For IBs, the good news is that not only is the market consensus that IBs should recover a high amount before too long but also that IBs may be able to sell their claims for high amounts. IB general unsecured claims in the MFGI bankruptcy stem from unpaid commission splits and float for October 2011 and also from…

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