Attached is the summary of cash balances held at 28 February
Cash balances decreased by approximately £1.0 million during the
month. Loan repayments, interest and other income were
approximately £1.4 million. Catch-up dividends were
approximately £2.4 million and liquidation expenses were
Attached is the summary of the loan book position at 28 February
During February 2014, one facility was redeemed in
full realising £1.0 million.
The loan tables shown have been converted to Sterling using
exchange rates as at 28 February 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 28 February 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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