Attached is the summary of cash balances held at 30 June
30 June 2010
Attached is the summary of the loan book position at 30 June
summary 30 June 2010
During June 2010, three loans were repaid in full realising
The loan book figures have been converted into Sterling using
exchange rates as at 30 June 2010.
The Joint Liquidators have purchased currency options to hedge
certain of the future loan receipts. Options purchased to hedge
future Euro receipts were matched against the relevant loans
included in the summary at 30 June 2010, and we have calculated
that they would add a further £2.6million to the value of receipts
due on these loans.
I can confirm that the third distribution of 11.1% has been paid
today to all creditors whose claims have been agreed, bringing
total distributions to date to 51.1%.
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