Attached is the summary of cash balances held at 30
Cash balances decreased by approximately £0.1 million
during the month. Loan repayments, interest and other income
totalled approximately £0.3 million. Distributions and expenses
were approximately £0.4 million.
Attached is the summary of the loan book position at 30
During September 2012, one facility was redeemed in
full realising £0.3 million overall.
The loan book details shown have been converted to Sterling
using exchange rates as at 28 September 2012.
The Joint Liquidators have purchased currency options to hedge
certain of the future loan receipts. Sterling options purchased to
hedge future Euro receipts were matched against the relevant loans
included in the summary at 28 September 2012, and we have
calculated that they would add a further £1.8 million to the value
of the receipts due on these loans. Sterling options purchased to
hedge future US dollar receipts were matched against the relevant
loans included in the summary at 28 September 2012, and we have
calculated that they would add £16,700 to the value of the receipts
due on these loans.
Committee of Inspection
Minutes of the Committee of Inspection meeting held on 13 July
2012 are attached.
Committee of Inspection Minutes
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