NEW YORK, N.Y. - Some customers of the failed brokerage MF Global could get back all the money they lost, according to the trustee who is working to recover those funds.

In a statement Friday, the Securities Investor Protection Corporation said there would "likely" be full restoration for securities customers who made "allowed" claims to get their money back.

There should also be "significant additional distributions" to return some money to commodities customers, the organization said.

The announcement came a week after an agreement between the trustee of MF Global's main brokerage unit and the trustee of its United Kingdom operations.

The two sides agreed to resolve all claims between them, which should free up an extra $500 million to $600 million to return to customers of MF Global.

Bankruptcy proceedings involving MF Global in Canada were resolved in November 2011 when the Ontario Superior Court of Justice approved a deal in which client accounts of MF Global Canada were turned over to RBC Dominion Securities.

KPMG, the court-appointed trustee for MF Global Canada, and the Canadian Investor Protection Fund approached RBC Dominion Securities after the bankruptcy filing to request accommodating a bulk transfer of accounts and positions.

Holdings in the accounts included futures, equity and fixed income positions in a move that enabled owners to access their accounts, which had been frozen.

MF Global Inc., which had been one of the biggest players in the derivatives market, collapsed after making a disastrous bet on European debt.

At the time, regulators said $600 million in client money at the U.S. parent was missing. However, an investigation indicated that all assets of the clients of MF Global Canada Co. had been accounted for.

— With files from The Canadian Press

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