Attached is the summary of cash balances held at 31 March
Cash balances increased by approximately £17,000 during the
month. Loan repayments, interest and other income were
approximately £0.1 million. Liquidation expenses were
approximately £0.1 million.
Attached is the summary of the loan book position at 31 March
During March 2014, one facility was redeemed in part
The loan tables shown have been converted to Sterling using
exchange rates as at 31 March 2014.
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 March 2014, and we
have calculated that they would add a further £0.6 million to the
value of the receipts due on these loans.
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