MF Global receives underwriter, reallowance dealer status from FHLB

By Angela McDaniels

Tacoma, Wash., Dec. 3 - MF Global Ltd. has been approved by the Federal Home Loan Bank system as an underwriter and a reallowance dealer, according to a company news release.

This approval allows subsidiary MF Global Inc. to directly participate in the underwriting of FHLB debt programs, including full access to FHLB's discount window, and assist with the financing of the agency's member banks.

The company said the new status will enhance its ability to fulfill fixed-income customers' reverse inquiries for new issuance of FHLB debt.

MF Global is based in New York and provides execution and clearing services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.