This update covers the Isle of Man Treasury's proposals for an
interim payment, internet access for accounts and confirmation
regarding the issuing of statements.
Due to the Christmas period, in the absence of significant new
information, the next planned update will be in the first week of
I would draw your attention to the conference call details
posted at the end of this update.
Interim Payment from the Isle of
The Isle of Man Treasury has sought approval from Tynwald for
making a payment to depositors of £1000. The Treasury have
requested that we send a claim form to all customers on their
behalf so that depositors can arrange for them to be completed and
All queries relating to the Early Payment Scheme should be
directed to the hotline that the Treasury is setting up for this
purpose, details of which will be on the Treasury website.
Edge and online
As stated last week the Edge and online accounts in a "READ
ONLY" format will go live as soon as the IT specialists have
completed the necessary updates to the system. Online access will
remain open until the end of February 2009.
We have begun to issue Statements. Accompanying the statements
will be a letter explaining the treatment on certain accounts such
as fixed term deposits, which was explained in my last update.
Together with the statements we will be sending an information
sheet to customers requesting confirmation of their details, this
is in addition to the form referred to above as it is to ensure
that the Bank's information is accurate. The form will also enable
customers to confirm alternative bank account details for any
future payments which could be made electronically.
Telephone conference dial in
Following discussions with the Depositors Action Group I have
set up a conference call which will take place on Monday 22
December 2008 at 4.00 pm GMT.
I am making the access details generally available to
depositors. If you wish to listen to the call, you will need to
register in advance. Please click the link to register.
Participation will be on a listen only basis. The facility is
provided by a third party and accordingly there is a cost per head
for usage. Should any party register and then not attend the
liquidation will be charged.
The lines are also limited and I would request that only those
depositors who are able to make the call register as
we will make the audio recording of the call
available on the website for those of you who are
unable to attend. Should depositors choose this route to listen it
will significantly reduce the costs
As previously, the best way to make contact is to write to the
bank or to email email@example.com. If you need to
telephone the bank, please use the main switchboard number +44 1624
Joint Liquidator Provisionally