Interest from 9 Oct 2008
just wanted to give everyone some update regarding the possibility to claim interest after 9 October 2008.
If you are a "fully protected depositor" with below 50,000 GBP who has claimed under the DCS you will only get your deposit plus interest until 9 October 2008. The DCS will not pay out interest after 9 October 2008.
If you want to claim it you need to submit a seperate claim to the liquidators BUT this will be rejected as you have had to assign all your rights to the DCS in order to get compensated from the DCS.
So what you need to do is to get the DCS to reassign your rights back to you after they have paid your compensation before you can claim the interest from the liquidators.
However the DCS will only reasign the rights back to you once they have received 100% of what they have paid out to you from the liquidator. The first distribution in 2009 and second distribution (paid on 9 December 2009) sum up to only 40% so the DCS so far did not get back 100% of what it has paid out to you. So at the moment its impossible to get the rights assigned back and therefore impossible to submit an extra "Interest only" claim to the liquidators.
We will only be able to claim interest after 9 October 2008 once everybody got paid 100% of his deposit - which will probably not happen.
No difference is made between interest that accrued from 9 October 2008 to 27 May 2009 and interest that has acrued after 27 May 2009.
Does the DAG Team have any news/update/further information ??? This issue was discussed in so many forums previously.....
How likely is it that eveybody will get 100% back? Seems not all of the money that was deposited in KSF UK will be recovered so what about the Icelandic parental guarantee of Kaupthing HF?