20 April 2012
The Financial Services Compensation Scheme has made its first payout to victims of the collapse of MF Global.
It has paid £130,000 to customers of the broking firm. It has received more than 4000 claims from victims, but did not reveal how many of these were accounted for in the first payout.
The FSCS will only pay claims where the balance has been agreed by administrators KPMG.
