LONDON Jan 8 KPMG, the administrator to
collapsed broker MF Global UK said on Tuesday it expected to be
able to increase payments to clients with segregated accounts to
around 60 cents in the dollar, up from 26 cents.
This followed an agreement between the British affiliate and
parent company MF Global Holdings in December, and is
conditional on a number of factors, including approval by the
U.S. Bankruptcy Court.
The administrator also said the agreement meant it expected
to make an initial payment of around 20 pence in the pound to