New update from DCS 27 March 2020

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
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Posted: Sat, 28/03/2020 - 14:39

All those whose interest is to be paid by the DCS (as opposed to directly by the liquidator) should read carefully and digest this latest update - www.dcs.im

Note that all who have submitted the necessary form (or do so by 31 March) will be included in the first payment round to be paid « no later than 31 May ». So patience still required !

I am still in hospital so unable to deal with any queries. Please do your best to help one another!

All the best,
Anrigaut

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Hallelujah - Funds received in our Canadian bank yesterday

  • rapata
  • 13/10/08 03/08/09
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  • Tue, 18/08/2020 - 18:23

Finally this nightmare is over for us. After checking both the mail box and bank account every day for the last few months, yesterday we had two deposits into our bank account, putting an end to this twelve year ordeal.

I just hope now that we can overcome this dreadful Covid 19 pandemic and get back to a normal - or new normal life.

We would like to reiterate our thanks to everyone on this site for all the hard work and tireless effort to finally reach this outcome, and wish you all the very best for the future.

Farewell
Ray & Pauline


Final payment by TT received

  • mikepapa
  • 10/10/08 n/a (free)
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  • Wed, 08/07/2020 - 15:04

Dear All,
Patience rewarded at last.... final interest payment has now been received by bank transfer!!
My sincere thanks to Anrigaut and Gordon who have been so solid in keeping us all informed over the many years, always willing to explain and help out with promt replies to our many questions. You both have my enduring respect!
To the rest of the many friends on this forum, I raise a glass to you all....
Kind regards,
Mikepapa
PS: And of course my thanks to ng!


More of the same from Dénia, Spain

  • grapow
  • 20/10/08 31/05/09
  • unspecified
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  • Sun, 16/08/2020 - 10:03

Our grateful thanks, we only spotted a payment into our IoM account on Friday and then began the task of identifying from whom! Frankly, we had forgotten about this but very gratefully received. Thank you to everyone for such stoic work.
Can we assume this is the final payment?


YES. It is indeed a FINAL

  • anrigaut
  • 19/10/08 30/10/09
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  • Sun, 16/08/2020 - 10:15

YES. It is indeed a FINAL payment!


Several hundred thousand thank yous!

  • everhopeful
  • 11/10/08 n/a (free)
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  • Tue, 04/08/2020 - 08:01

I can't do better than to endorse what mikepapa has said above and to thank the team wholeheartedly for your outstanding effort and persistence over the years. You 'saved' a lot of lives thank you..


Bank transfer arrived

  • Cawdor
  • 13/10/08 31/05/09
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  • Wed, 08/07/2020 - 02:26

Well the subject line tells it all. Funds received in a UK bank overnight.
Heartfelt thanks to all those who spent time here to clarify and explain to the rest of us. And everyone else for the sense of company I felt in the dark days.
As an English rugby player once said, "I'm off now for a quiet pint - followed by ten noisy ones".
And thanks ng.

Take care, all. Harry


Bank transfer arrived

  • ozdog
  • 10/10/08 30/11/09
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  • Thu, 09/07/2020 - 03:26

Over the last two days my wife and I have received individual bank transfers into our UK bank. In the end thank goodness, sense prevailed, the idea of two cheques floating back and forth from Australia with the current vagaries of postal services doesn't bear thinking of.
From Australia there has been little we could do to help the struggle other than email whoever we thought could assist, so our gratitude to all those who's efforts have brought us to a far better outcome than we could ever have expected in 2008, is unbounded.
Now, how to spend our cash?


Cheque finally arrived!

  • bahamas
  • 17/11/08 31/05/09
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  • Fri, 03/07/2020 - 06:07

Final cheque has arrived yesterday in Buckinghamshire. After sending one more email 10 days ago I also received a response yesterday asking for my details, which were in several other emails over the last few months! So it has come to an end, thank you to all who have been so helpful and informative over the years during this debacle, I appreciated every update, and also the jokes[!] that kept a smile on my face. Cheers to you all.


Cheque received today, 25th June 2020.

  • sam
  • 07/12/08 30/09/11
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  • Thu, 25/06/2020 - 10:01

I also received the automated "courtesy" email on the 11 June 2020 and today, I received my cheque here in Surrey.


Celebratory Gruel All Round?

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 29/06/2020 - 21:58

Enjoy your extra bowl of hearty gruel, a don't forget Tiny Tim!


DCS payment by Bank Transfer

  • mikepapa
  • 10/10/08 n/a (free)
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  • Mon, 22/06/2020 - 13:34

I have received automated emails from DCS that payment of my final dividend will made by bank transfer to my unchanged original account, rather than by cheque, and should be executed by 22 June 2020.
I have today received yet another email from DCS that bank payments are still in process.
My question is has anyone actually revived payment by bank transfer as yet?
Kind regards,
Mikepapa


Email reply from DCS 26.6

  • Done like a Kipper
  • 10/10/08 n/a (free)
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  • Sun, 28/06/2020 - 02:18

I have reviewed our records and can confirm that your payment will be made via bank transfer. Due to the Covid-19 pandemic and additional requirements for bank transfers at the DCS bank payments have been delayed. We are hoping that payments will be paid next week, but it may take a further week for funds to be deposited to your account.

So for those awaiting bank transfers it could well be within the next two weeks.....fingers crossed!

Many thanks to all those who have given us hope with their information, calculations and incites over the years!


insights not incites

  • Done like a Kipper
  • 10/10/08 n/a (free)
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  • Sun, 28/06/2020 - 09:12

I didn't mean you were trying to stir up illegal activities!!


NO

  • gbod
  • 11/10/08 01/09/12
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  • Sat, 27/06/2020 - 17:04

NO


Received cheque today

  • ianw
  • 14/10/08 n/a (free)
  • unspecified
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  • Wed, 24/06/2020 - 12:39

Received payment in UK today - half an hour after sending chasing e-mail to DCS. DCS did reply within four hours confirming cheque from "Batch 5" had been posted to the UK yesterday. From previous automated e-mail from DCS, I was advised to put in the e-mail title "Payment not received" this did seem to work in terms of getting a quick response from the DCS.

Many thanks to everyone involved over the past 12 years. It seems a very long time ago that I travelled to the Royal Festival Hall for the meeting with PWC. Outcome has been much better than Landsbanki Guernsey. Found this forum to be a great sources of comfort and very grateful to Anrigaut, Gordon 45, Ng, the COI, PWC and many others for their devotion to our cause.

Best wishes

Ian


DCS payment by bank transfer

  • gbod
  • 11/10/08 01/09/12
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  • Mon, 22/06/2020 - 14:46

I received the same email earlier today here in South Africa. No payment too date.


Miracles...

  • tsunamivictim
  • 11/10/08 n/a (free)
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  • Thu, 18/06/2020 - 04:18

Well goodness knows how but my cheque arrived here in Sri Lanka 3 weeks after being posted .!! Now it has to be posted back to the UK before it can be credited to my account. HSBC asked me why on earth it wasnt just paid into my account.....what can i say????
Thank God its over at last. Thankyou everyone for the support you have all been. What a roller coaster of emotions. And some good friends to celebrate with.
God Bless you All.


News from South Africa

  • gbod
  • 11/10/08 01/09/12
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  • Thu, 11/06/2020 - 19:15

Just as an update for everyone, this is the email I received here in South Africa today.

Dear Depositor

Re: Bank Transfers

This is a courtesy email to confirm that your request for bank transfer in light of the COVID period has been accepted and is now in progress. This may have been previously confirmed to you. The payment is approved and awaiting final authorisation matters with our banking institution. Any emails received in respect of the timing of your pending payment are respectfully deemed closed. Payments will be released upon final authorisation of the Scheme Manager.

If you receive more than one email to your account, this is because more than one legal claim has been associated to that email address.

Please do not respond to this email. If you have not received your payment by 22 June 2020 please contact us.

On behalf of the DCS Scheme Administrator of the Isle of Man Depositors’ Compensation Scheme
PO Box 201
Douglas
Isle of Man
IM99 1HN

May I take this opportunity to thank everyone that contributed in helping to arrive at this outcome.
Gbod


Still waiting

  • bahamas
  • 17/11/08 31/05/09
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  • Mon, 08/06/2020 - 13:53

It has been great to hear from so many that have received their final cheque...sadly I am still waiting, years after returning to live in the UK, so I am assuming that snail mail has control of my cheque! I am still waiting on an email response from the DCS, but that seems to be taking the same very slow path to my address.
Let's hope that the end is near for all of us that are still waiting.


for those in UK still waiting

  • anrigaut
  • 19/10/08 30/10/09
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  • Mon, 08/06/2020 - 14:30

I have today heard from two UK-based depositors who returned DCS forms in Dec 2018 and are still waiting. Of these, one - in London - contacted the DCS and was told not to worry, it would be 'forthcoming' and the other - in the Midlands - is also still waiting despite his companion having received hers a week ago. (they had returned to UK from France last year and succesfully notified DCS of their new address).
As for the DCS logic, I guess it's a matter of ours not to reason why!


EFT on its way, and 1% of capital not returned?

  • adambw
  • 13/10/08 31/08/10
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  • Thu, 11/06/2020 - 13:54

Let me offer some feed back. I have today received an email from the DCS stating that my request for bank transfer in light of the COVID period has been accepted, and the payment is approved and awaiting final authorisation. Strangely enough, I had not raised Covid with them, but as my base is the Republic of Botswana, I shall be more than pleased to see an electronic transfer next week.

May I share a little further information? My total deposit was just under £80k and over the years I received back £50k + £49.25k (rounded figures), leaving a shortfall of around £750. Compared to what we all could have sacrificed, I have not lost sleep over this approx 1% loss of my capital. But i wonder, did others receive 100%?

My sincere thanks to all the very useful contributions people have made to this site over the years.


@adambw

  • anrigaut
  • 19/10/08 30/10/09
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  • Thu, 11/06/2020 - 14:59

Must be a typo in four figures (£50 +£49.25 = £99.25 !)

That apart, you should have received 100% of your 'agreed claim'. Any apparent shortfall is normally due to be the difference between your total deposit as shown in your final sbank tatement and the agreed claim'due to the cap on the amount of interest due but not yet capitalised as of 9 Dec 2008. This is the so-called 'deferred interes't which will now be paid as part of the final distribution in addition to the statutory interest. The two amounts will be shown separately along with your payment.

With a total deposit similar to yours, my deferred interest (for the period July-Oct 2008) amounted to £231.

Hope that helps and that all will become clear when you get your bank transfer.


adambw: Sorry - It was me,

  • anrigaut
  • 19/10/08 30/10/09
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  • Thu, 11/06/2020 - 19:41

adambw: Sorry - It was me, not you, who missed off the k and 'four figures' should have been "your figures". But my comment still stands with the k added:
£50k +£49.25k = £99.25k, which is more than your under £80k.


Sorry Anrigaut. the 'k'

  • adambw
  • 13/10/08 31/08/10
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  • Thu, 11/06/2020 - 19:11

Sorry Anrigaut. the 'k' suffix was missing from my figures! I'll now wait for the eft and see what the figures look like.


Still waiting

  • Sophie
  • 16/10/08 31/05/09
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  • Tue, 09/06/2020 - 11:09

My wife and I had a joint bank account and submitted our change of address forms, with supporting docs, in the same envelope some time ago. Well over a week ago I got my cheque, but not my wife. Later I emailed them and got an instant reply!! They asked me to wait a week and if it hadnt arrived let them know.

Over one week later still no sign of the cheque so I have emailed them again, but no reply so far this time.

We live just outside London so it seems that this is a common experience for those in the Uk as well as out.

Fingers crossed it arrives soon.


Still waiting 2

  • Sophie
  • 16/10/08 31/05/09
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  • Sat, 20/06/2020 - 09:09

Further to my previous message. My wifes cheque still has not come and eventually I managed to get hold of some one in the IOM DCS. It appears that, despite being properly notified of our change of address, they sent her cheque to our old address - where it has dissapeared into a black hole! So they state they will cancel the original one and issue her one to our present address,

There is a BUT here. It is most likely not going to be sent until the end of July, when the next wave of cheques are released.

So be warned, and keep a sharp eye open, if you dont get your cheque maybe they have sent it to the wrong address by mistake. I asked why they didnt send all monies due by bank transfer, the modern way, instead of posting cheques. I got a mumbled answer that I didnt understand. At that point I couldnt be bothered to continue. At least I now know what happened to my wifes cheque - and may see its replacement some month!


|t last

  • Sophie
  • 16/10/08 31/05/09
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  • Sat, 08/08/2020 - 11:53

My wifes cheque arrived last week. Nearly two months after I received mine. At least we have got it.

Bye all and thanks for everything. I never want to hear the names Singer & Friedlander or Kaupthing ever again.

The strange thing is that many many moons ago I had to leave my lovely bank of long standing, Cater Allen (their management policies changed) and joined Singer & Friedlander- as it was then. A fellow consultant I was working with at that time was a banker. He said then that I should keep away from S&F bank. Its management and reputation was, to say the least, shaky.

I wish i had listened to him.

Ta ta


Thankyou for your response to

  • bahamas
  • 17/11/08 31/05/09
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  • Mon, 08/06/2020 - 15:24

Thankyou for your response to my comment.
I really don't feel so bad now that I know that I am not the only UK based depositor to still be waiting patiently.
What's a few more days/weeks after all the years we have had to wait? lol


Cheque received in France

  • anrigaut
  • 19/10/08 30/10/09
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  • Mon, 08/06/2020 - 10:49

Hi all,

My cheque arrived in France today 8 June - amount (deferred interest plus statutory interest on full overall claim) as expected.
It was sent by registered delivery and postmarked IOM 27 May.
Now I just have to get it posted back to IOM where (believe it or not!) I still have an account, having been unable to open a current account in UK as a non-resident.

Good luck to all who are still waiting, especially those in more distant places where post from UK is seriously disrupted. Hopefully all outstanding problems will soon be resolved, at least for all who submitted forms to the DCS before end March.


Cheque now in bank !

  • anrigaut
  • 19/10/08 30/10/09
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  • Wed, 17/06/2020 - 21:07

My cheque received on 8 June and posted back from France to the IOM a few days later is now safely in my account.
All the best to those still waiting.


Hallelujah

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
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  • Wed, 10/06/2020 - 06:27

I'm gobsmacked (and delighted) to advise that I received my cheque by mail today in Hong Kong albeit Airmail service remains suspended between the UK and Hong Kong (apparently although officially suspended there is still the occasional flight carrying mail and obviously I've been lucky). I now have to mail it to the UK for encashment.

I'd like to pass on my sincerest thanks to all who helped to make this nightmare more tolerable, not least Anrigaut (energetic research and advice), Gordon (insightful analysis), and Cottesmore (cheering us up in our darkest hours), the Creditors' Committee and not to overlook NG responsible for our vital lifeline The Depositors Action Group webpage. The (highly paid) SLs/JL also deserve thanks for their successfully seeing through the liquidation although it's beyond me why they backed the uncalled for and crackpotted Scheme of Arrangement cooked up by the IOM government and when it was rejected failing to seek costs from the IOM government (apparently this failure even raised the eyebrows of the presiding judge). And last but not least, brickbats to the IOM government, the UK government (Gordon Brown and his cronies) and the directors of KSF(IOM) who arranged the transfer of much of our cash assets to KSF(UK), without ring-fencing, thus pushing the otherwise solvent KSF(IOM) into liquidation. I've certainly learned a salutory lesson - DON'T BANK ON THE ISLE OF MAN !

Sorry if some of my latter remarks sound sour but after 12 years I believe it's warranted.

May God bless you all.

D RAM


Thanks to the CoI & Liquidator

  • anrigaut
  • 19/10/08 30/10/09
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  • Wed, 10/06/2020 - 10:54

Fantastic news D RAM! Especially as some in UK who apparently submitted the form and any required documents in good time are still waiting. Maybe the DCS prioritised cheques to those like you who were pushing for bank transfers because of Covid-related difficulties with the post in the hope it would work before they had to give in? Or I guess more likely it's just random! Either way it's good news for you. My cheque, received in France this week, is now in the post to my UK bank - fingers crossed it arrives safely.

I was glad to see you thanking the oft-forgotten CoI for their important role in overseeing the liquidation. While necessarily less visible, they have worked diligently in the background on behalf of all creditors and I know for a fact that they have not simply acted as a rubber stamp to all the propositions of the SLs/JL but have on occasion pushed back effectively, including on fees. We owe them all our gratitude for sticking to their unenviable (to me at least!) task throughout all these years. At the risk of embarassing him, I personally would like to record here my special thanks to Knife Edge, who has been hugely supportive of my efforts to keep you all informed as far as possible and has always been willing to post here directly when I felt the need.

Despite our many frustrations over the years, I also agree that thanks are due to Mike Simpson for his work (albeit well paid) on our behalf, notably after the defeat of the infamous Scheme of Arrangement - arguably DAG's greatest success. Like D RAM, I still cannot understand why he supported that at a time when his own estimates (always understandably prudent - he must have known we were likely to get back much more) for the final recovery already exceeded the amount guaranteed by the Scheme proposed by IOM Treasury. He was sitting just behind me when I gave evidence on behalf of DAG at the second hearing of the Tynwald Select Committee, so I could not see his reaction when - asked for my opinion on why the Scheme had failed - I replied something to the effect that a better question would have been why had it nearly succeeded. But at the end of the hearing he came up to me to shake my hand warmly saying how pleased he was to meet me. Since then he has almost always responded helpfully to specific questions I posed by direct email, convincing me that he really was working for the best possible result for us the creditors - to the extent of recently defending our interests in the IOM court in opposition to those of the iOM authorities.

PS Back home since mid-April, I continue to recover from my operation (which left me with an unhealed wound, now progressing well) and will hopefully soon be back to normal.


A long road finished

  • thesunnysouth
  • 10/10/08 31/05/09
  • unspecified
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  • Thu, 04/06/2020 - 12:26

Dear friends on this site it is a good feeling to know that a cheque finally made its way to London only taking 7 days from posting (and 14 from the date it was issued !!) and is now in the hands of my mother. She was at parliament square for the march to the Iceland embassy and handed in a petition to the ambassador. She also attended the parliamentary meetings that were held. Her next birthday is her 90th and I am so pleased that she has survived this massive mistake by the IoM government to not support the depositors all those years ago.

Now we all go our seperate ways but not without saying thankyou to the very many. Those on the committee. Those who started and maintained this site. Cottesmore for the humour Gordon and Anrigaut for the information and analysis and everyone else here who contributed to a feeling of togetherness at a time that lonliness would have been truly debilitating.

I hope all those overseas soon receive their funds and that everyone spends the money wisely on champagne and long holidays.

John


Cheque arrived today

  • rippedoff
  • 12/10/08 31/05/09
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  • Fri, 05/06/2020 - 15:47

Arrived today in Austria. Cannot deposit via by banking app (£500 upper limit) so will have to post back to the UK. If anyone else has to do this, take a photo of the cheque first..... so still one small step... to go! Hoping all my fellow overseas sufferers start to receive theirs too.... many thanks to all of you for the hugely important support!


Nightmare over at last

  • hopeful
  • 11/10/08 31/05/09
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  • Wed, 03/06/2020 - 10:30

Deposited my cheque as soon as it arrived and it has cleared today. Who would have thought it would take nearly 12 years from those dark days in October 2008 to reach the end of this nightmare. A big thank you to Anrigaut, Gordon and to those that kept this site going for all this time. It's been a lifeline. God bless all.


DCS Update 29 May 2020

  • anrigaut
  • 19/10/08 30/10/09
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  • Fri, 29/05/2020 - 15:42

The DCS has announced that payments have now been sent to most claimants who submitted the required form and documentation.
For more details, see their website: https://www.dcs.im/

Thanks to those who have signalled reception of cheques - as of now all in the UK. Remains to be seen how long those elsewhere will have to wait ....


Cheque arrived in Nottingham

  • sunny1
  • 16/10/08 30/05/14
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  • Tue, 02/06/2020 - 09:00

I am overseas, and likely to remain so until flights resume and/or a vaccine emerges. A friend picked up my cheque from my Nottingham flat yesterday, June 1. It is very slightly more than I calculated, don't know if an explanatory message was included Probably not.

So it's goodbye to everyone. And again and again a massive thank you to Ng, Anrigaut, Gordon 45, and all others who made this wonderful website a source of information and comfort over so many years.

Sunny 1, Ankara.


DCS

  • Brabander
  • 15/10/08 31/05/09
  • unspecified
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  • Sun, 31/05/2020 - 18:50

I have received my long awaited cheque. I am located on an offshore island but not that far away compared to some!
I heartfelt thank you to all those who have fought so long and hard for this. We are now all a bit older and hopefully wiser.
God bless and lots of health and happiness to all!
Mike


Thanks

  • Jo
  • 13/10/08 31/08/09
  • unspecified
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  • Thu, 28/05/2020 - 17:07

I received my cheque today. As others have suggested, it's unfortunate, particularly given the coronavirus situation, that it's not possible to receive the money by bank transfer.

It's been a long haul to get to this point. Many thanks indeed to Gordon, Anrigaut and everyone involved in fighting our cause. Whether it's been setting up this forum or providing analysis of the administrator's reports, your contribution has been greatly appreciated.

Thanks once again.


Back on line after a long

  • rippedoff
  • 12/10/08 31/05/09
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  • Mon, 25/05/2020 - 12:55

Back on line after a long break. Many thanks to Gordon & Anrigaut and of course all the other, less prolific posters. Thanks also to Andy for keeping the show on the road. I’m a DCS claimant and live in Europe but outside UK. I’ve received nothing yet and am little surprised to see no messages from anyone who has received payment. I guess they will pay at the very last minute...


Cheque received

  • jmf
  • 16/10/08 31/10/09
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  • Thu, 28/05/2020 - 13:31

We received cheques today at long last. We are located in London so not much help to those living abroad although the payments are going out.

We would like to like to thank everyone who has committed their time and energy to keeping this site going for all of us, especially Gordon and Anrigaut for their persistence on our behalf and their careful explanations. We believed in fighting this injustice as did so many depositors and we have come through as a group, not unscathed, but undaunted. Our best wishes to everyone for the future.


Cheque received

  • sistersue
  • 17/10/08 06/06/13
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  • Sun, 07/06/2020 - 08:36

Lots of thanks to Anrigaut, Gordon 45, Ng and all the others who have worked on our behalves over these long years.
Whatever we may think of the actions of the Kaupthing Bank in Iceland, the fact that we got all our money back plus some means that KSF IOM was itself solvent and well run, and I think we should give Mike Simpson credit for having recovered the funds.


Cheque received

  • ng
  • 11/10/08 31/12/20
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  • Thu, 28/05/2020 - 23:48

Got mine today too
, in Derbyshire, England.


Good news

  • anrigaut
  • 19/10/08 30/10/09
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  • Thu, 28/05/2020 - 13:48

Thanks jmf. I heard today of two other UK-based depositors who also received their cheques. Will let you know when mine reaches me in France!


Cheque Received

  • Downbutnotout
  • 11/11/08 31/05/09
  • a depositor
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  • Sat, 30/05/2020 - 16:25

I got my cheque yesterday, Friday 29th May. I live up in the north of the Isle of Man so don't know why mine came a bit later than some in the UK! Now just got to get to the bank to bank it!


Bondholders

  • Gordon 45
  • 22/10/08 n/a (free)
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  • Fri, 29/05/2020 - 11:24

Hi Folks,

Anrigaut has asked if I have any more info re Bondholders getting paid from their Life Companies.

Firstly great news that DCS claimants are now getting cheques through - Seems UK at least - For the others hope the DCS will change their minds re electronic transfers.

Re Bondholders, those I have spoken to all say the cash is back with the Life Companies - sorry do not know about the Pru and Quilter situation. Some say they know exactly what the will get back but no one has yet received any cash. Others know the Life Companies have the cash back and are being told to contact the companies around mid June when hopefully the cash due to individuals will have been ascertained. Will keep you updated.

Re Prudential and Quilter, I agree with Anrigaut you have to find out in some way others that are in the same position as yourselves and if need be get advice from Lawyers (in a group so you can perhaps afford to go down that path), or if in UK get to Citizens Advice and see what they can advise. Hopefully others living abroad have the same type of organisations that you can approach.

Hope all of us get back what we are due to end - what has been a nightmare.

Take care,

Gordon 45


Notification of probable bank transfer

  • ozdog
  • 10/10/08 30/11/09
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  • Thu, 28/05/2020 - 14:43

Received email today in Perth, WA asking us to confirm our bank details for bank transfer.
We had requested this several months ago.
Thanks to everyone who kept us in touch on this site. 11 years and 33 weeks !


Have you received a transfer yet to Oz

  • petenorwich
  • 12/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 11/06/2020 - 10:56

Hi fellow ozdog

I wondered if you had received any payment, transfer or cheque yet. I had asked for a transfer rather than a cheque but got an ambiguous answer.
Today I received an email:

This is a courtesy email to confirm that your final interest claim has now been validated and approved by the Scheme Administrator. This may have been previously confirmed to you. The payment is approved and awaiting final authorisation matters with the Scheme Manager. Any emails received in respect of the timing of your pending payment are respectfully deemed closed. Payments will be released upon final authorisation of the Scheme Manager.

If you receive more than one email to your account, this is because more than one legal claim has been associated to that email address. Please do not respond to this email.

Did you (or anyone else) get an email like this?
Thanks Pete


Yes, I received the same

  • gbod
  • 11/10/08 01/09/12
  • a depositor
  • Offline
  • Sat, 13/06/2020 - 18:43

Yes, I received the same email here in South Africa 2 days ago. I also posted with regard to this.


Courtesy email

  • Afam
  • 02/02/09 28/05/13
  • a depositor
  • Offline
  • Sat, 13/06/2020 - 11:43

I received the same email on 11/6/2020. I wait with bated breath. Good luck .