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 17
September 2010, you will note that a further 92 claims have been
agreed in the last four months with a total value of £1m. The total
value of agreed claims is now £888m. Since that update, no further
claims have been rejected, so the current position is that 13
claims worth a total of £11m have been wholly rejected and 40
claims have been rejected in part, the rejected portions totalling
The increase in the number of claimants repaid in full through
the Early Payment Scheme from the website update of 17 September
2010 of 1,458 to 1,475 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 reduction in the value of Proof of Debt forms approved and
processed from the website update of 17 September 2010 of £592m to
£567m in the table above is due to a number of depositors who have
successfully applied for compensation through the Depositors'
Compensation Scheme after their claim through the liquidation had
been admitted for dividend. We have been advised by the Scheme
Manager that the value of any compensation paid was reduced by the
value of any dividends paid directly to the depositor in the
liquidation. The value of Proof of Debt forms approved and
processed of £567m includes 193 admitted claims with a value of
£3.9m who have applied for compensation through the DCS but have
not completed the DCS approval process.
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 £905m, which is the
total of approved claims, claims not yet approved and claims which
are expected but have not yet been received.
The Scheme Manager has advised that the deadline for claims to
be accepted by the DCS has now passed.
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