Distribution of Customer Property Related to Trading on the Chicago Board of TradeLondon International Financial Futures and Options Exchange Trading Link

概要

The Commodity Futures Trading Commission (``Commission'') has adopted an additional amendment to Appendix B of its bankruptcy rules to govern the distribution of property where the debtor is a futures commission merchant (``FCM'') that maintains customer accounts that carry or trade positions in Designated Chicago Board of Trade (``CBT'') Contracts at London International Financial Futures and Options Exchange (``LIFFE'') or Designated LIFFE Contracts at CBT (``Link Accounts'') as well as non-Link accounts. This new distributional framework is intended to assure that non-Link customers of such an FCM would not be adversely affected by a shortfall in Section 4d(2) segregated funds caused by the operation of the Link.\1\ ---------------------------------------------------------------------------