SGX says Lehman's outstanding obligations settled
SINGAPORE, Sept 19 |
SINGAPORE, Sept 19 (Reuters) - Singapore Exchange (SGXL.SI) said on Friday that Lehman Brothers LEH.N, which filed for bankruptcy this week, has no outstanding financial obligations to any of its units.
The exchange said in a statement that all Lehman's securities positions have been settled with the Central Depository (CDP), its derivatives house positions have been closed out and customers' positions transferred to other brokers.
"SGX remains vigilant in monitoring the financial resources and risk exposure of our members," the exchange said. (Reporting by Melanie Lee; Editing by Jennifer Tan)
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