Foreign Currency Account Holders

For those with US$ and Euro accounts to discuss issues.

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Foreign Currency Account Holders

Posted 21/10/2014 - 13:34 by bdsa

Your rating: None Average: 3.3 (4 votes)

It is great news that we will be reaching the 100 percent recovery mark. Congratulations to all of us, and to the liquidators!!

FSC’s key "advice" to existing and future depositors remains: “Do not put all your eggs in one basket”.

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It seems the FSC wants us to do their job?

EPS vs SoA vs DCS for foreign currency holders

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I've been toying with the Early Payment Scheme for some time but not applied. I have US$ 10,000 left in the bank.

I want my US Dollars not pounds

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The forex mid rate on 9 October on my US$20,000 is remarkably worse than the mid rate today 13 March 09. As with our Euros too.

EPS variance based on FX rate

Posted 02/03/2009 - 08:49 by columbgc

Your rating: None Average: 5 (1 vote)

This is additional material for the non sterling depositors who have applied / want to apply for the EPS. It shows how much money are lost due to the October 9, 2008 FX date.

SoA and Foreign Currency Account Holders

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It is very clear that the SoA as proposed in the Fourth Affidavit of David C Lovett CAN NOT fulfill its stated aims.

Foreign Currency account holder (USD 100K) seeks advice on what to do

Your rating: None Average: 3.5 (2 votes)

I have foreign currency to the value of USD 100K in KSFIOM. I am interested in understanding whether the SOA would work for me or not.

We should have a foreign currency holder representation in the DAG

Posted 26/01/2009 - 07:55 by klauseriksen

Your rating: None Average: 4.2 (11 votes)

According to the proposed SoA the exchange rate for foreign currency holders would be calculated on the 8 Oct.

Questions for MS Jan 26th re Foreign Currency Accounts

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1) Can the LP tell us
a) How many USD Accounts are there and what is the total sum deposited?
b) How manu Euro accounts are there and what is the total sum deposited?

Survey of Euro Account holders

Euro account - less than 5,000 Euros
17% (4 votes)
5 - 50K Euros
30% (7 votes)
50 - 100K Euros
17% (4 votes)
More than 100K Euros
35% (8 votes)
Total votes: 23

Survey of foreign currency accounts - US Dollars

US Dollar Account - less than 10,000 USD
4% (2 votes)
10 - 50K USD
18% (8 votes)
50 - 100K USD
11% (5 votes)
100 - 500K USD
47% (21 votes)
More than 500K USD
20% (9 votes)
Total votes: 45
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What rate of exchange !?

Posted 20/01/2009 - 15:26 by run668

Your rating: None Average: 4 (3 votes)

Any one can clarify what rate of exchange will be used for those depositors who held accounts in non sterling currencies (ie. Euro or US$) ?

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