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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Transfer email

  • ozdog
  • 10/10/08 30/11/09
  • a depositor
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  • Thu, 11/06/2020 - 14:41

Hi Pete

We received the same email about 4 hours ago in Perth WA.
We are asked to contact DCS if payment is not received by 22 June so assume we should see a deposit to our UK bank within the next 10 days or so.
The early estimates of 10 years for this to run its course were a little optimistic!


email

  • pensioner1
  • 25/06/09 24/10/11
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  • Thu, 11/06/2020 - 13:01

i also received a email this morning. My postal system is slow re virus . does this mean it has not been posted yet.


I received this email

  • bahamas
  • 17/11/08 31/05/09
  • a depositor
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  • Thu, 11/06/2020 - 12:30

After no response for weeks, I received the same email this morning. I have never asked for any other form of payment, and will be very happy with a cheque as I now live in the UK.
Our patience will be rewarded one day!


I received this email

  • petenorwich
  • 12/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 11/06/2020 - 13:07

Hi bahamas, pensioner 1, good to know that I am not the only one to get this email. It seemed rather random!
As you say, just a little more patience!


Disclosure of Bank Details

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
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  • Tue, 02/06/2020 - 08:52

Dear Oz Dog,

I'm puzzled that you have received a request from the DCS to confirm your bank details by email. I live in Hong Kong and similarly asked the DCS months ago to consider bank transfer due to lack of Airmail service. The DCS were rather negative and certainly haven't asked me for my bank details. Indeed, if I did receive such a request I'd be very wary about disclosing such by email. I'd expect the DCS to ask the liquidator who already has all such details.

Have you now received a bank transfer (it should only take a few days, at most). Has anyone else received a request for bank details ?


disclosure of Bank details

  • ozdog
  • 10/10/08 30/11/09
  • a depositor
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  • Tue, 02/06/2020 - 09:59

Hi D RAM,

No, we have not received any payment yet but, anticipating that we would not until sufficient payments are processed to permit a batch payment, we were not expecting to. It would not be very efficient to process them one at a time.

As to why you have not received an email from DCS we have no explanation and we were merely asked to confirm the account number (the last 4 digits of which they quoted) was unchanged from when the last payment to us was made.


No International Post in Sri Lanka

  • tsunamivictim
  • 11/10/08 n/a (free)
  • a depositor
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  • Thu, 28/05/2020 - 14:26

Unfortunately there is no possibility to receive a cheque here since we do not have any international postal service since March!
For depositers in this position its totally a joke to even hold.out any hope when post.is non existant!


Total nincompoops

  • tsunamivictim
  • 11/10/08 n/a (free)
  • a depositor
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  • Tue, 02/06/2020 - 14:06

Unfortunately, depite my requesting bank transfer by e mail mid April , in their wisdom the knuckleheads decided to.send me a cheque on 30th May.
I am absolutely disgusted!
Apparently if I dont receive in a few weeks I should let them know.
Thankyou for nothing!@


Did you get email

  • rapata
  • 13/10/08 03/08/09
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  • Tue, 02/06/2020 - 19:34

Tsunamivictim - How did you find out they are sending a cheque. We also requested bank transfer but have heard nothing at all.
We do still have mail service to Canada but had asked for a transfer to expedite things, it appears that has delayed it even more. We just cant win, will be so glad to close this chapter of our lives.


Hi Rapata I got a mail from

  • tsunamivictim
  • 11/10/08 n/a (free)
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  • Wed, 03/06/2020 - 01:54

Hi Rapata
I got a mail from them saying they posted a chq on May 30th even though i requested bank transfer mid April and reminded them twice. They simply chose to ignore.
The most ridiculous comment being that if i still want a bank transfer, i can return the chq to them and when they receive it back, then they will do a bank transfer!! No logic or common sense whatsoever!


Hi Rapata I got a mail from

  • tsunamivictim
  • 11/10/08 n/a (free)
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  • Wed, 03/06/2020 - 01:53

Hi Rapata
I got a mail from them saying they posted a chq on May 30th even though i requested bank transfer mid April and reminded them twice. They simply chose to ignore.
The most ridiculous comment being that if i still want a bank transfer, i can return the chq to them and when they receive it back, then they will do a bank transfer!! No logic or common sense whatsoever!


Thanks for the info. I’m in

  • rippedoff
  • 12/10/08 31/05/09
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  • Thu, 28/05/2020 - 14:11

Thanks for the info. I’m in Austria. Will do likewise.


Possibility of bank transfer payments

  • Cawdor
  • 13/10/08 31/05/09
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  • Tue, 26/05/2020 - 06:23

I too am overseas, in this case NZ, and as post appears to be delayed pending resumption of regular international flights, after responding to my enquiry as to whether my form had arrived (it hadn't), KPMG held out the possibility of direct transfers as follows:

"Once we have dealt with depositors who will accept cheques we will turn our attention to those who have requested their case to be manual flagged for processing. Whereupon the case specifics of those requests will be reviewed. Should it turn out that there is a cogent argument that there is no reasonable prospect of a cheque delivery, the DCS may consider bank transfer."

More hoops to go through of course but it may help some folk.


A Chink of Sanity ?

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
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  • Tue, 26/05/2020 - 10:14

Hi Cawdor,

I'm heartened by your advice from PWC ( presumably not KPMG as mentioned by you) that " Should it turn out that there is a cogent argument that there is no reasonable prospect of a cheque delivery, the DCS may consider bank transfer." Let's hope they do for those of us living outside the UK, in my case Hong Kong.

In reaching their decision it may be of interest to PWC/DCS that I received three bank statements from the UK - the latest dated 20 February 2020 - all on the 20 May 2020 ie 3 months for receipt. Normally I receive these within 7 days of the dates of the statements.

If the current postal delays continue, I'll presumably receive my cheque from the DCS 3 months after mailing and I will then have to re-mail the cheque to my UK bankers for encashment taking another 3 months by which time the cheque may well no longer be vaild.

I'd previously raised the issue of postal delays with the DCS and received a very curt reply, basically saying not to bother them as they're much too busy! I think I'll now try lobbying PWC (maybe more successful?)


DCS/KPMG

  • anrigaut
  • 19/10/08 30/10/09
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  • Tue, 26/05/2020 - 10:48

D RAM:
Cawdor was correct. The DCS agent is indeed KPMG not PWC.

I do hope they will indeed accept the arguments of those in countries where postal services are seriously disrupted. I too am outside UK, but, while the post to France is undoubtedly subject to longer delays than usual, I don't expect to have to wait too long. We shall see!

I did push them hard at the start over their decision to make all payments by cheque and suggested that at least those who had been receiving top-up payments by bank transfer could continue to do so provided they confirmed their bank details had not changes, but all to no avail.

I understand the cheques have to be signed by the scheme manager (IOMT/Financial Services), so - if they are to respect their 31 May deadline - KPMG (as agents) will need to present the first batch for signing by early this week. I have no further news, but hopefully the DCS will report on their website when this first batch goes in the post. Again, we shall see!


Settlement by bank transfer

  • Cawdor
  • 13/10/08 31/05/09
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  • Wed, 03/06/2020 - 03:48

While concerned to read of others' varying experiences regarding the DCS responses to the transfer option I can only think that their eyes are being opened to the need by the number of such requests from ourselves and their actions modifying accordingly.

In my case once I had confirmed that I had ticked the box confirming my address had not changed I was required to confirm by email that it was my wish to have 'my case flagged for manual processing'. A further enquiry elicited the response that such action would result in a delay of 2 weeks versus a cheque. I volunteered the account number used for the previous instalment and DCS have now confirmed they need no further information to process my request.

So, optimism at this end, at least for now! Funds are beginning to flow.

Thanks again to everyone here for their input.

Harry


Hi Cawdor You are very lucky.

  • tsunamivictim
  • 11/10/08 n/a (free)
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  • Wed, 03/06/2020 - 06:10

Hi Cawdor
You are very lucky. I have written 4 times since april 15th and each time i have requested bank.transfer and offered to.pay any costs. All this was totally ignored and ultimately they still sent a chq may 30th.
I have had no post here since beginning of March so this is a complete screwup on their part.


DCS/KPMG

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
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  • Tue, 26/05/2020 - 11:41

Anrigaut,

Thanks for your correction.

Do you (or anyone else) know if it is necessary to for individual savers to make representations to KPMG about the possiblity of persuading DCS to pay them by bank transfer? If so, have KPMG got a contact email address?


@D RAM

  • anrigaut
  • 19/10/08 30/10/09
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  • Tue, 26/05/2020 - 12:34

Not sure what you are looking for. As one of the big 4, KPMG must have a great many email addresses. Surely anything you send to any of them will be directed to DCS(?)kpmg [dot] co [dot] im ? Maybe I'm wrong, but I can't imagine representations in this matter would be considered by any other part of KPMG.

Maybe you could try to persuade the Scheme Manager, which/who I think is effectively IOMT &/or the IOM financial services authority (whatever they are now called) who are ultimately responsible for the scheme (and will be signing the cheques). But I wouldn't hold out much hope there!


the wait continues

  • rapata
  • 13/10/08 03/08/09
  • a depositor
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  • Thu, 30/04/2020 - 20:35

I received this email today in reply to my follow up regarding bank transfer of the final payment........
I hope the statement that a further update will be provided on the website around 31st May doesnt mean further delays. Will this ever end?

Dear Depositor

Thank you for your email. Please be advised that due to the current situation with Covid 19 the DCS Team are all working remotely for the foreseeable future.

We have set out below responses to the most frequently asked questions which may answer your question. Please note that you may not receive an email response if your enqu iry is covered in the latest announcements on the DCS website or is dealt with below.

If, however, your enquiry is not covered you will receive an email response from the DCS Team in due course. You will appreciate that given the current situation, there may be a delay in this process, and we ask that you bear with us at this time, and do not send further chaser emails on the same topic.

If you have attached a form to your email
Thank you, please take this email as notification of receipt. If there are no changes in name or address it will likely be processed without further notifications to you.

If there are changes in detail, please ensure you follow the instructions on the website and provide appropriately verified documentation to the DCS PO Box Address.

This is likely to mean that you will need to send in original or certified copies to the address highlighted.

Bank Payment Requests in light of COVID 19
We are receiving some requests to make bank payments given the current situation. These requests are being considered and your correspondence will form part of that narrative.

In the meantime, the present approach remains to deliver surplus KSF funds via cheque with no deduction to depositor interest and final payment. If there is a change to this approach and you have completed a DCS form it is very likely the DCS will take specific steps to notify you of a change in that position.

Until that time, the present approach is cheque payment.

Background information
The DCS is a depositor compensation scheme. It is not part of the KSF liquidation. If you claimed via any of the following schemes you are now legally part of the DCS Scheme:
Early Payment Scheme I;
Early Payment Scheme II;
Depositor Compensation Scheme;

When are dividends from the DCS to be paid?
The exact date is dependent on several factors. Please refer to the current update on the DCS website “DCS Notice as at 27th March 2020”. A further update is due t o be posted on the website around 31 May.

How much am I going to be paid?
Very roughly 1.608p in the £ of your original claim value i.e. your claim value is likely to be your original (and potentially combined if relevant), bank balance(s) at the date of liquidation of KSF. In other words, approximately 1.6% of your original claim value. Importantly there may be other factors that impact this amount. We have explained in detail what these ma tters are on the DCS website. When you receive your cheque you will receive confirmation of relevant balances and calculations.

Future Correspondence
If you have a query that is not in respect of a specific form processing matter, please could we ask you to delay such queries for the time being. Please refer to the DCS website where updates will be posted for the depositors as a whole in due course.

It would aid us greatly if future correspondence to this email account is kept to a bare minimum, in order that we can focus our efforts to you and the wider DCS participants.

DCS Forms
If you have not completed a form please complete a form following the instructions on the DCS website the form is linked here for ease of reference https://www.dcs.im/docs/confirmation-update-of-address.pdf

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

DCS Website: https://www.dcs.im/
T +44 1624 625680

Other Useful Website:
KSF Website: http://www.kaupthingsingers.co.im/


Emailing DCS

  • Cawdor
  • 13/10/08 31/05/09
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  • Fri, 08/05/2020 - 02:58

Sorry if I'm being dumb but . . .
I have emailed the DCS using info(?)dcs [dot] im but get mail returned as not deliverable. Do I have the wrong address or is this a way of their coping with the current situation?
Like other correspondents here I have posted the DCS form, in this case from New Zealand, and would ideally wish payment to go directly to an account. I will add my voice to those requesting this facility when I know I'm addressing it correctly.
Glad to hear you're improving, Anrigaut, and my continued appreciation to you and Gordon45 for helping keep me sane over the years.
Thanks


Emailing DCS

  • wipeout
  • 16/10/08 31/05/09
  • a depositor
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  • Fri, 08/05/2020 - 08:30

Cawdor,

The contact address you need to use is:

dcs(?)kpmg [dot] co [dot] im


Address

  • Cawdor
  • 13/10/08 31/05/09
  • a depositor
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  • Sat, 09/05/2020 - 03:37

Many thanks.


Rejoice with a Bowl of Gruel for All!

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
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  • Tue, 05/05/2020 - 09:15

As governments around the world crank up the central bank money machines to mellow the revolting masses, huddled at home with their nearest and dearest and seething under Lockdowns, we can all rest smugly in the knowledge that a hefty payout of no less than 1.6 percent will be winging its way to us soon! We will all, no doubt, rejoice as Mr. Scrooge serves up a generous, hot bowl of tasty gruel to one and all. What say you, Tiny Tim?
Well -- I never really wanted the suntrap dream villa in Antibes anyway.


International Mail Delays

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
  • Offline
  • Tue, 05/05/2020 - 11:01

A letter I mailed at end February by Airmail from Hong Kong to Morayshire, Scotland has finally arrived today, 70 Days later !! (Normal transit time 5 to 7 days). Two further letters posted Airmail mid-March have still not arrived. Presumably delays related to Covid-19 ? Given that Airmail service was suspended in mid-April and there is now only Surface mail (transit time normally at least 6 weeks) it does not augur well for my receipt of DCS's cheque before the latter part of 2020, if it's not "lost" (currently the Royal Mail's routine response to queries). On receipt, I'll have to mail the cheque back to my bank in the UK for encashment. Hopefully the validity of the cheque will not have expired before I can get it cashed.


International Mail Delays

  • ozdog
  • 10/10/08 30/11/09
  • a depositor
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  • Wed, 06/05/2020 - 01:55

I had already emailed DCS about getting a bank transfer and got a reply similar to those elsewhere in these comments. I have now written to DCS about the same concerns about delayed post as expressed by D Ram (I am in Australia), asking if I can change my nominated address for cheque delivery to my sister's address in the UK. She would be willing to present my cheque to the UK bank. I am awaiting a reply.


Catch 22 ?

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
  • Offline
  • Thu, 07/05/2020 - 03:12

Hi Ozdog,

I'd already thought about changing my postal address to my brother's in the UK to avoid inevitable postal delay to/from Hong Kong but I'd need to mail a written request to the DCS and as no airmail service this would take at least 2 to 3 months to arrive by surface mail (courier service available but prohibitively expensive). Catch 22 ?


Written request

  • glen07
  • 21/10/08 n/a (free)
  • a depositor
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  • Thu, 07/05/2020 - 15:29

Hi D RAM

I recently closed my bank account, for luckily another bank (!!!), who allowed non written permission as they had set up an Adobe system where you could write an electronic signature. Now I'm not too sure if that's too much to ask of DCS but might be worth asking them if you can email them, with a follow on hard written request later, under the circumstances. Good luck!! Say hi to HK - used to live there - although must seem quiet after its usual hustle and bustle....


Bondholders

  • Gordon 45
  • 22/10/08 n/a (free)
  • a depositor
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  • Tue, 28/04/2020 - 21:03

Hi Folks,

Especially Anrigaut, Hopefully you are recovering well at home and taking good care of yourself. Just on to do a wee update for Bondholders. Perhaps all of you are up to date and if you are I apologise.

I did clarify clearly with both the DCS and PwC that Bondholders through the Life Assurance Companies would definitely be paid from the Liquidator via the Life Companies and not through the DCS route.

Have spoken to a few fellow sufferers and some Life Companies are saying they have received the cash back from the Liquidator, have worked out what each individual claimant will get and are working through paying out. (the payments do appear cover any payment due over 5%, depending upon each individual policy, and the 2nd part regarding the payment of 1.604p/£). Others Companies have the cash back but have not yet worked out what each individual will receive. And yet again other Life Companies are saying they have not received any cash back yet - which seems unlikely. But nothing changes in this whole debacle - Will keep you informed of how things develop.

Hope you are like me, just glad that we are now near the end of this whole diabolical affair, so we can try and reach some form of normality, although Covid19 is a massive unbelievable disaster affecting the world and all who have tragically lost loved ones. It is so bad it is beyond belief.

So, take good care of yourselves and your loved ones, and follow the 'lock down procedures' wherever you are.

Take Care,

And God Bless,

Gordon 45


Skandia-Old Mutual NOW Quilter

  • calpespain
  • 12/10/08 n/a (free)
  • a depositor
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  • Fri, 01/05/2020 - 14:34

I have called Quilter they say they will get back in contact with me. Thye have not in over 3 weeks. Has anyone who has a bond or inverted with KSF(IOM) had or received any communication from Quilter regarding the final payout. Thye seemed when I called to not know what they were doing or talking about. Does anyone have a contact to try and resolve any issues, they have held onto about £738 in my now closed bond for about 6 years, they acknowledge that its mine but refuse to send it to me. Any help and advice would be good to receive. Thanks.


Still DCS payment

  • Esteban
  • 13/06/09 31/05/09
  • a depositor
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  • Fri, 24/04/2020 - 15:05

Re. the matter of cheques being posted, I seem to recall that it used to be the case that cheques became invalid if not cashed within 6 months (or I may have imagined this). However if, just for the sake of this message, that is the case, the DCS would know after that time which monies could not then be claimed. So what might happen then? Can they simply shrug their (metaphorical) shoulders, say "well, we tried" and then pocket the money. or would they be under some kind of obligation to make further efforts to get the funds to their rightful recipients?

If the latter, then sending cheques by post at any time, but especially in the present circumstances, seems likely to present them with a lot of problems further down the road. If the former, where would the unclaimed money actually end up? I wouldn't like to think it would somehow revert to the I.O.M: authorities.


Cheques

  • Liz the Whizz
  • 21/10/08 n/a (free)
  • unspecified
  • Offline
  • Sat, 25/04/2020 - 16:24

All

I live in the UK and would be very happy to help those who are outside the country. If you redirect your cheques to me I will happily pay them into a UK bank for you. Please email me separately to profit(?)blueyonder [dot] co [dot] uk if I can help.

As many others have said, I am very grateful to everyone who has supported us over the past 11 years - Anriguat, Gordon, Andy and many others. I have read every post with gratitude.

Thanks.


DCS payment.

  • Esteban
  • 13/06/09 31/05/09
  • a depositor
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  • Sat, 18/04/2020 - 11:18

As suggested, I too have now sent an e-mail requesting that the final payment be made by bank transfer, rather than posted, though it seems this likely to fall on deaf ears. Quite apart from security considerations, how it could possibly be cheaper to post cheques, if that was in fact the justification offered, is beyond me. However, in the current surreal world, many things are beyond me.


back home at last

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
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  • Fri, 17/04/2020 - 07:29

Just to say that I am at last back home after almost 4 weeks in hospital. Still recovering slowly, but so glad to be home and to sleep in my owb bed!

Thanks to all who wished me well.


Thank you for you have done for us Anrigaut

  • fight theft
  • 10/10/08 28/05/13
  • a depositor
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  • Sat, 18/04/2020 - 13:13

I am so glad to hear you are well enough to leave the hospital and be back home in your own bed..It must have been a serious operation to keep you in for 4 weeks . So take great care of yourself with lots of rest, pampering and fresh air.

You have been our most wonderful stalwart Oracle of help wisdom and advice throughout these 10.5 years. You and Gordon have been our saviours throughout this ordeal kept strong patient and focused. You gave us faith and hope throughout.Thank you so very much Angela. I would like to send you a thank you and get well gift of your favourite Gourmet treats from you chosen English or French Supplier for you to guzzle and enjoy while you get well and build yourself up again. Can you email me privately your favourite supplier and treats and your address to send it,

Best wishes Suzanne (Fight Theft). We met all those years ago in Trafalgar Square)


Re thanks

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
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  • Sat, 18/04/2020 - 23:16

Your comments are much appreciated. But please no gifts. It’s quite enough to know that my efforts over the years have been appreciated. Am wondering what I’ll do when it’s all finished!
Yes, I well remember Trafalgar Square.


Best wishes to Anrigaut

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
  • Offline
  • Sat, 18/04/2020 - 08:54

Dear Anrigaut,

Great to hear you're now out of hospital. I'll be forever grateful for your sterling efforts on our behalf. Take care and have a good rest to recuperate fully.

God bless you.


Welcome back Anrigaut

  • sunny1
  • 16/10/08 30/05/14
  • a depositor
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  • Fri, 17/04/2020 - 08:55

Glad to hear you're back.


All poatal services suspended

  • tsunamivictim
  • 11/10/08 n/a (free)
  • a depositor
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  • Thu, 16/04/2020 - 15:11

Like many others, there is no way I can receive a cheque as all postal services of any kind, including couriers, have been put on hold indefinately.
I wrote to DCS to request a bank transfer and offered to pay any charge. Otherwise A cheque will just sit and disappear under thousands of undelivered posts to Sri Lanka.
After all this time, a little common sense in this awful situation would be very welcome.


Final payment

  • fight theft
  • 10/10/08 28/05/13
  • a depositor
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  • Sat, 18/04/2020 - 13:18

So far I haven't received any payments on March 31st I have emailed and messaged the Bank
What happened to the 4% we were supposed to receive and the unclaimed money to be shared ( Still in the IOM Courts/) now we are getting 1.608% in total? Are other members getting their money late? I am in the UK not long distance?


@fight theft

  • anrigaut
  • 19/10/08 30/10/09
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  • Sat, 18/04/2020 - 23:10

Are you sure you never EITHER claimed one of the early payments (EPS) OR claimed in DCS, in which case you will on this occasion be paid via the DCS (before 31 May provided you already filled in the required form)?

The 4% was the interest rate per annum. But it could only be paid for as long as funds allowed, which turned out to represent interest at 4% pa for less than 6 months


Re Final Payment

  • fight theft
  • 10/10/08 28/05/13
  • a depositor
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  • Wed, 22/04/2020 - 23:26

I did originally accepted EPS for 1000 then 10000 payment in the first 2 years of this liquidation, I still haven't received any payment for March 31st does this mean the total remaining final payment owed to me will not be in March but May?

I understood ( but I may be wrong) we were supposed to receive two payments: one March 31st and then final in May,but then again I may have missed some important updates as I have spent very little time on the site for the past two years due to being involved in a bus accident with two broken wrists, busted knee, knee surgery ankle and spinal injuries and unable to use my hands on my computer for over a year... Still a problem and am behind like the kid in detention writing my 1000 lines dealing with massive back log in my once busy active life.

I hope you are recuperating well Angels. I am also recovering from 6 weeks of Covid 19...but getting back gradually... By the time we finally receive this money back I am not the same healthy young thing I was back in 2008! I am sure this is true for many of us .I could have enjoyed it and spent it so much better and more enjoyably then!


fight theft:Sorry to hear of

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
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  • Thu, 23/04/2020 - 07:59

fight theft:
Sorry to hear of all your problems - we make right pair!
Yes have misunderstood. You will receive a single payment and it will come from the DCS. Payment is expected to be made 'by' 31 May (could be before) PROVIDED you completed & returned the DCS form before 31 March. Otherwise, you should complete the form asap for payment in a second round.

See here for the DCS info: https://www.dcs.im/

Good luck,
anrigaut


Thank you Anrigaut

  • fight theft
  • 10/10/08 28/05/13
  • a depositor
  • Offline
  • Thu, 23/04/2020 - 14:36

....for your quick response much appreciated.


This is the reply I received

  • rapata
  • 13/10/08 03/08/09
  • a depositor
  • Offline
  • Thu, 16/04/2020 - 15:26

This is the reply I received today regarding my request for a bank transfer
............

Please note your email has been escalated for further consideration and a further response will be sent in due course.

............

If enough of us request the transfer maybe they will do it. Keep the emails going.


Any DCS payments yet?

  • rapata
  • 13/10/08 03/08/09
  • a depositor
  • Offline
  • Tue, 07/04/2020 - 17:35

Just wondering if anyone has received a payment under the DCS? Hopefully we wont have to wait til the end of May.


DCS payment.

  • Esteban
  • 13/06/09 31/05/09
  • a depositor
  • Offline
  • Sat, 11/04/2020 - 21:59

I have not received a payment as of today. I understood payments were to be made by cheque, not by direct transfer as before, why I don't know. Due to the current lockdown in Spain, any cheque sent to me by post will not arrive, presumably may be returned to sender (or just binned). So it goes on!!


DCS payments

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
  • Offline
  • Sun, 12/04/2020 - 07:35

Yes - on this occasion, all payments by the DCS will be made by cheque.

As announced in the update of 27 March, the first round of payments ( to those who submitted the required form by 31 March) is expected no later than 31 May. Hopefully it will be before then, but I’d be surprised if it came before the end of April. To that has to be added the delay in the post depending on country and now also Covid 19. As ever, we have to be patient!


A Sting in the Tail

  • D RAM
  • 13/10/08 01/08/14
  • unspecified
  • Offline
  • Tue, 14/04/2020 - 14:10

I'm a resident of Hong Kong and they've recently announced that due circumstances arising from Covid-19 'airmail' postal service to/from the UK is suspended until further notice. Only 'surface mail' which they say takes a minimum of 31 days will be maintained ( my past experience is it is more like 45 days). Accordingly, the risk of our DCS cheques being delayed considerably or even lost (or stolen?) in transit must surely be considered. Hopefully the DCS will send cheques by 'registered mail' but why they cannot use bank transfer is beyond me.

Anyway, thanks and good health to all

D RAM


Their reasoning for the

  • rapata
  • 13/10/08 03/08/09
  • a depositor
  • Offline
  • Tue, 14/04/2020 - 22:27

Their reasoning for the payment to be made by cheque was to minimise costs. I would happily pay the cost of a transfer to speed things up, but its probably to late to suggest that now, however an email to the DCS wouldnt harm.