Attached is the summary of cash balances held at 31 August
Cash balances increased by approximately £8million during
August, primarily as a result of loan repayments. Catch up
dividends were paid out totalling £1.2million.
Attached is the summary of the loan book position at 31 August
During August 2010, five loans were repaid in full realising
£8million and there were five part payments totalling £561,000.
The loan book figures have been converted into Sterling using
exchange rates as at 31 August 2010.
The Joint Liquidators have purchased currency options to hedge
certain of the future loan receipts. Options purchased to hedge
future Euro and US Dollar receipts were matched against the
relevant loans included in the summary at 31 August 2010, and we
have calculated that they would add a further £3.2million to the
value of receipts due on these loans based on exchange rates at 31
This is a reminder that the Scheme Manager has stated that no
new claims will be accepted by the DCS after 27 November 2010.
Further details can be found at www.dcs.im.
Any depositors of KSFIOM who have not yet submitted a claim to
the DCS and for whom it would be beneficial to do so are urged to
submit their claim as soon as possible so that they can receive the
payments to which they are entitled.
The best way to make contact is to write to the bank or
email firstname.lastname@example.org. If you need to
telephone the bank, please use the main switchboard number +44 1624