Attached is the summary of cash balances held at 31
Cash balances increased by approximately £3.3 million
during the month. Loan interest and other income totalled
approximately £4.9 million. Catch-up distributions were
approximately £0.6 million. Expenses were approximately £1.0
Attached is the summary of the loan book position at 31 July
During July 2013, three facilities were redeemed in
full and one in part raising £4.2
The loan tables shown have been converted to Sterling
using exchange rates as at 31 July 2013.
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 31 July 2013, and we have
calculated that they would add a further £0.3 million to the value
of the receipts due on these loans.
Report to Creditors
The Report to Creditors for the period 10 January 2013 to 9 July
2013 is nearing completion and will be published shortly.
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