MF Global creditors and customers likely to get back more money

Customers of the failed brokerage MF Global can now expect to recover at least 97.7 cents to the dollar and as much as 99.6 cents for every dollar.

This has been raised from the earlier estimate of between 93 cents and 97 cents.

Other creditors can expect to get back between 68.2 cents and 91.6 cents for every dollar that they have lost.

This figure has been raised from the between 61 cents and 91 cents estimate announced in May last year.

MF Global went into liquidation in November 2011.

Mr Bob Yap from the liquidators said : "We have been working very hard to get as much money back for the customers and creditors of the company. It is very pleasing to be able to announce increases in the expected recovery rates.

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