BTR Trading Group has established the following resource center to aid clients and associates with the MF Global bankruptcy process. Please use the links below to get the latest notices from BTR, MFG, the exchanges and regulators, along with news feeds, articles, and our FAQs for clients. Should you have any questions, please do not hesitate to call 24 hours a day: 800-453-4474.
We have also lauched a Broker Resource Page to provide information and support to a legal and public relations campaign underway to aid in the release of MF Global customer funds.
CLAIMS FORM GUIDE
Trustee Presentation for Creditors & Customers
Latest Client Notice
January 13, 2012
Dear Clients & Associates -
We hope you are enjoying a happy and healthy new year thus far. We would like to provide you an update as to the developments with BTR Trading Group, your account and the MF Global bankruptcy.
BTR Accounts Moved to Rosenthal Collins Group, LLC
As of January 12, 2012, all of BTR Trading Group's accounts migrated from R.J. O'Brien and Associates ("RJO") to our new clearing firm Rosenthal Collins Group, LLC ("RCG"). RCG was the firm we originally planned to transfer accounts to after MF Global filed for bankruptcy protection. Our brief stay at RJO was the result of the MF Global Trustee's decision to send our accounts there.
We are pleased to join RCG, a privately-held Futures Commission Merchant ("FCM") with over 89 years of experience in the futures industry. RCG is exclusively a futures commission merchant, focusing on its core competency of servicing clients in the commodities sector. In light of the collapse of MF Global, we feel that a privately-held FCM, who focuses on the commodities business, is the best facilitator of our clients' trading. More information can be found on RCG at the following links:
RCG Website: http://www.rcgdirect.com/Home.aspx
Segregated Fund Investment Holdings: http://goo.gl/kyD38
Electronic Access to Accounts & Stopping Mail Fees
Since the Trustee has not transferred account paperwork for most BTR accounts, most likely your account is not set up to receive electronic statements from RCG. You also do not have access to view your accounts statements over the internet. In order to remedy this, fill out the form linked below which will grant you access to Passport (RCG's online statement service), allow you to receive daily electronic emails with statements and stop the daily US mail statements (if you are receiving them currently).
Electronic Consent Form & Passport Application: http://goo.gl/R1Xfk
Instructions on how to use Passport: http://goo.gl/ACFr3
As a result of the failure in the transfer of account paperwork, your account may be charged a $1 fee for each statement mailed out. To stop this fee, please send an email to statements@rcgdirect.com and include your name, RCG account number, email address and a short statement that you would like to stop the fee for daily US mail statements.
Funding Instructions for Your RCG Account
Please be advised of the following instructions for funding your account via wire transfer.
Customer Wire Instructions
Rosenthal Collins Group
US Dollars Customer Seg. Funds
Harris Trust & Savings Bank
Chicago, IL U.S.A.
Swift Address: HATRUS44 (MT100)
ABA# 0710-0028-8
FAO: Rosenthal Collins Group Cust. Seg. Funds
ACCT# 396-446-7
FAO: (Customer name) (Customer RCG ACCT#)
If you would like to fund your account with a check:
Make Check Payable to: "RCG"
Rosenthal Collins Group
Treasury Department, ATTN Sabina
216 West Jackson Blvd, 5th Floor
Chicago, IL 60605
If you would like to request a wire transfer or check FROM your account, please send an email with instructions to info@btrtrading.com. If you are sending wire instructions, please make sure that the name on the account matches the name on your trading account and provide the name and street address of your bank branch.
MF Global Update
The Trustee for the SIPA liquidation of MF Global, Inc. has released a presentation summarizing the state of the liquidation. While it is mostly a summary of information already in the public domain, it serves as a single source to provide you with the most up to date information that the Trustee has released.
Trustee Presentation for Creditors and Customers: http://goo.gl/jpsGP
In summary, the Trustee states that he has distributed 72% of customer funds held in segregation in the US. Customers holding funds in foreign segregation--funds used to margin trades on foreign exchanges (known as 30.7 funds)--have not received distributions. He has marshaled another $1.4 billion in segregated funds, is pursuing over $800 million in funds in foreign depositories and still estimates the shortfall in US funds to be more than $1.2 billion. He estimates that there is a little over $290 million in assets for the estate of MF Global. At this time, the Trustee plans no further distributions until the bar date for customer claims passes on January 31, 2012.
We believe that the Trustee may make another small distribution to US customers after the January 31, 2012 bar date for customer claims passes, most likely yielding another 10% to bring the true-up to around 83% of the value of US segregated fund in your MF Global account. Then we believe that the process will slow, pending the outcome of litigation in both domestic and foreign jurisdictions. The Commodity Customer Coalition, the advocacy group co-founded by BTR partner John L. Roe, has filed a response brief requesting that the court order the Trustee to pursue customer funds at MF Global's holding company (now in a separate bankruptcy proceeding), as well as other counterparties, like JPMorgan Chase. Please review a copy of the brief below:
Response Brief Filed by CCC in MFGI Case: http://goo.gl/Wp8TK
John continues to work with leaders both in the industry and in Washington to aid in the return of customer funds. We will keep you updated as developments in the MFGI case.
Claims Reminder - You MUST FILE a Claim
We would like to remind our customers that they must file a claims form by January 31, 2012, otherwise they risk having funds received during interim distributions taken back from them. If you have engaged an attorney, you MUST provide a copy of your completed claim form and proof that you submitted it.
If you have specific questions about your individual claim, please email giddens@hugheshubbard.com. Resources to aid in filling out your claim:
Website Overhaul
Over the next few weeks, we will be updating our website to reflect our move to RCG. This includes links to their account paperwork and some new services available to BTR clients. We will be migrating our information on the MF Global bankruptcy from our front page to a link in our website's navigation menu. We will still maintain this subsection of our site as long as the bankruptcy proceeding remains open.
Should you have any questions about this or any other matter regarding your account, please do not hesitate to contact us. We hope that you enjoy the Martin Luther King holiday weekend. We remain at your service.
Regards,
The BTR Trading Team
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BTR Client Notices 
