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MF Global records negative $1.75 million of net cash flows for June
By Caroline Salls
Pittsburgh, July 12 - MF Global Holdings Ltd. reported negative $1.75 million of net cash flows for June, declining from $1.31 million of net cash flows for May, according to its monthly operating report filed on July 12 with the U.S. Bankruptcy Court for the Southern District of New York.
The June net cash flows included $2.25 million of total inflows and negative $4 million of total cash outflows.
Total cash collateral funds used came in at negative $1.66 million in June.
MF Global Holdings, a New York-based commodity and derivatives broker, filed for bankruptcy on Oct. 31, 2011. Its Chapter 11 case number is 11-15059.
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