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MF Global negative cash flow swells to $1.04 million for March
By Jim Witters
Wilmington, Del., April 15 - MF Global Holdings Ltd. posted net cash flow of negative $1.04 million for March, compared to negative net cash flow of $455,751 in February, according to the company's monthly operating report filed April 15 with the U.S. Bankruptcy Court for the Southern District of New York.
Total inflow during March was $1.12 million, while total cash outflow reached $2.24 million.
The company also reported using $66,552 of cash collateral during March.
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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