NEWS
CME to Pay $2M to Peregrine Clients
Thu Oct 25, 2012 05:05 PM CDT

(Dow Jones) -- CME Group Inc. is set to become a major claimant to the estate of Peregrine Financial Group Inc. as the exchange operator prepares to make good on some customer losses next month.

In November, CME will begin paying more than $2 million to nearly 200 family farmers, ranchers and cooperatives struck by the July 10 collapse of Peregrine, according to a CME spokeswoman.

CME will take on customers' claims against Peregrine in the process of paying out investors that qualify under the exchange-backed insurance plan, set up in the aftermath of last year's MF Global Holdings Ltd. ...

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