MF Global

MF Global: has been ordered by SGX not to take on new derivatives positions. SGX also ruled that the company may only reduce existing positions.
MAS also issued a statement on Monday, directing MF Global Singapore "not to take on new positions with immediate effect in respect of all its regulated activities, except for reductions or liquidations of positions."
The MAS and SGX would continue to monitor the situation closely.

Meanwhile in New York, MF Global has filed for bankruptcy, after confidence in the firm was shattered by a string of losses from European public debt holdings.
The trade in MF Global shares was earlier Monday halted on the NYSE as the New York Federal Reserve announced that the brokerage firm was "suspended from conducting new business with the New York Fed."

MF Global Holdings’ 2 largest unsecured creditors are as follows:
JPMorgan Chase & Co.’s JPMorgan Chase Bank, bondholder trustee, US$1.2b.
Deutsche Bank AG, trustee for US$1.02b in bonds:
Deutsche Bank Trust Co., bondholder trustee for 6.25% notes, US$325m bondholder trustee for 3.375% notes, US$325m bondholder trustee for 1.875% notes, US$287.5m bondholder trustee for 9% notes, US$78.6m.