Agreement of creditors'
The following statistics show the current position regarding the
agreement of creditors' claims:
If you compare these figures to the summary published on 22
March 2010, who will note that a further 381 claims have been
agreed in the last six months with a total value of £13million. The
total value of agreed claims is now £887million. Since that update,
no further claims have been rejected, so the current position is
that 13 claims worth a total of £11million have been wholly
rejected and 40 claims have been rejected in part, the rejected
portions totalling approximately £300,000.
The reduction in overall expected claims from £908m in the
Report to Creditors of 30 July 2010 to £905m in the table above is
due to the withdrawal of a £2.5million claim submitted by a group
company as a result of the ongoing negotiations over group
The increase in the number of claimants repaid in full through
the Early Payment Scheme from the website update of 22 March 2010
of 1,416 to 1,458 in the table above is due to depositors advising
the Joint Liquidators that they consider they were fully repaid
through this Scheme and would not be submitting any additional
claim in the liquidation.
The figures in the above table are stated after rejections and
also after set-offs, so the current figure against which the
percentage of distributions is calculated is £905million, which is
the total of approved claims, claims not yet approved and claims
which are expected but have not yet been received.
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 email@example.com. If you need to
telephone the bank, please use the main switchboard number +44 1624