Attached is the summary of cash balances held at 30 November
Cash balances increased by approximately £0.2 million during the
month. Capital, interest and other income was approximately £0.1
million. Catch-up distributions were approximately
£3,000. Costs awarded against legal expenses and a VAT rebate
decreased overall expenses to a gain of £0.1 million.
Attached is the summary of the loan book position at 30 November
During November 2013, no facilities were redeemed in full or in
The loan tables shown have been converted to Sterling using
exchange rates as at 29 November 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 30 November 2013, and we
have calculated that they would add a further £0.5 million to the
value of the receipts due on these loans.
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