Have you applied for the 1000 GBP "early payment"?

Despositors only (or representing family who are depositors, etc.)
Background and objectives: 

Many people felt the offer was an insult. Others may have other reasons for not applying. This information may be useful for PR purposes.

Yes
45% (255 votes)
Not yet, but I intend to soon
9% (52 votes)
No, I don't want to
33% (184 votes)
No, I can't (e.g. nowhere to send funds)
3% (15 votes)
I don't qualify
4% (24 votes)
None of the above
6% (33 votes)
Total votes: 563
Thanks to all for assisting

Thanks to all for assisting with my enquiry. I have yet to see 1000 but am hopeful..... anthing is better than the loss of everything!

Posted by Lost-alot on Sat, 07/02/2009 - 03:08
I THINK IF YOU HAVE APPLIED

I THINK IF YOU HAVE APPLIED FOR THE£1000 AND THEY UP IT TO £10000 YOU WILL GET £9000 AND ANOTHER LOT OF FORMS TO FILL IN
AM WAITING TO SEE WHATS IN THE SMALL PRINT

Posted by joyce p on Wed, 04/02/2009 - 15:02
Don't worry dutchman. It's

Don't worry dutchman. It's coming. We received 2000 (1000 per acct holder) on Monday. And yes, from the sound of things, that could be all we see for years to come, if ever. Do I sound negative.....nah! just realistic.

I was so pathetically happy to see the money in the account.

Posted by Honest Citizen on Wed, 04/02/2009 - 14:09
I voted yes on the basis that

I voted yes on the basis that it may be all we get.
As of today 4.2.09 in have not received a penny.
Has anybody else received payment?
Hardly an early Christmas payout that the court intended is it?

Posted by dutchman on Wed, 04/02/2009 - 13:36
I checked this out with FSC

I checked this out with FSC yesterday.
The £10k is yet to be considered and voted on on 17 Feb. The terms, as they are proposed now, are that each a/c holder gets a total of £10k. This is in lieu of the £1k each which is already approved. However, it is NOT per a/c.

The SOA terms are to be released by Tynwald's High Court on 19 Feb. Then the depositors will need to vote on them &, if voted against, the bank will be liquidated and the DCS will be activated.

Posted by Flower on Wed, 04/02/2009 - 07:39
I checked on this too as I

I checked on this too as I hold 2 accounts but was told it is only 1000 GBP per account holder and not per account.

Posted by tsunamivictim on Wed, 04/02/2009 - 04:49
Does anyone know if you hold

Does anyone know if you hold 2 accounts in the same name, are you eligable for 2000?

Posted by Lost-alot on Wed, 04/02/2009 - 03:50
While I didn't apply for the

While I didn't apply for the £1,000 early payment, it was / is per depositor, thus joint depositors (2 or more depositors per account) are each entitled to the £1,000. I would expect the £10,000 option will be the same if approved by Tynwald in mid-February.

Cheers

Posted by Anonymous on Sun, 01/02/2009 - 14:14
Uhmm.

Uhmm.

Posted by Captain Mainwaring on Sat, 31/01/2009 - 15:21
I dont think you are correct.

I dont think you are correct. The £10K EPS will not, as I undertstand from what I heard in the court hearing, and what I read, be subject to the SoA succeeding.

The increase of the EPS to £10K is subject to approval by Tynwald (the Manx Parliament) though.

See http://www.gov.im/lib/news/cso/10000earlypaymen.xml

Posted by manx-person on Sat, 31/01/2009 - 15:17
From the "blurb" on EPS I

From the "blurb" on EPS I understood that Tynwald have to vote on this on Feb 17th so at this moment is not a "given"

Posted by id2cgs on Sat, 31/01/2009 - 15:09
Reading between the lines, do

Reading between the lines, do you mean "shove your interest bearing loan up your kazoo, and don't dare dirty my doorstep until you have sorted this abortion out, and don't mess about in the process?"

If you did, I concur. I possibly even share your sentiment, but it is getting late.

Posted by Captain Mainwaring on Sat, 31/01/2009 - 14:48
£1,000 increased to£10,000 I

£1,000 increased to£10,000
I see here that the £1000 early payment has been increased to£10,000. Is this per account or per account holder)

http://www.telegraph.co.uk/news/worldnews/europe/iceland/4390155/Isle-of...

Posted by Anonymous on Sat, 31/01/2009 - 14:41
I also voted 'none of the

I also voted 'none of the above'.

As far as I am concerned I am not prepared to sign anything unless I know the full implications of doing so. That has not been made clear at all - no fine print such as how the Sterling payment will be calculated when my deposit was held in another currency etc. Is the payment per person in terms of a joint account?

Make no bones about it I want my money returned ASAP but I am not prepared to go off half cocked and sign over my rights on a whim - something I may regret bitterly in the future.

Give me more information before I commit myself is all that I would ask as is my right. Is that too much to hope for... PROBABLY!!!!

Posted by Shiney on Sat, 31/01/2009 - 10:48
"none of the above" I voted

"none of the above"

I voted "none of the above" because, whilst I need the £1k, I do not want to risk losing rights / vote.

Posted by Anonymous on Sat, 31/01/2009 - 07:16
ng, Its the bond holders who

ng,
Its the bond holders who dont get a say and therefore vote, 'none of the above'.The insurance companies are doing the application on our behalf, wether we want it, or not!

Posted by cottesmore on Sat, 31/01/2009 - 04:07
Possibly others;- no I don't

Possibly others;- no I don't want to, but may have to

Posted by skintagainnow on Sat, 31/01/2009 - 02:28
What are the "none of the

What are the "none of the above" votes? There seems to be at least one condition I didn't think of.

Posted by ng on Sat, 31/01/2009 - 02:22
It seems to me we are

It seems to me we are "leaving our deposits" with the bank anyway, interest free and for an unspecified period.
The idea of committing our deposits for a specified period was always a non-starter, I don't think enough people would have agreed. Who among us would accept guarantees given by any of the parties involved, including the three national governments?

Posted by richiyeh on Fri, 30/01/2009 - 19:30
Found the qualifying criteria

Found the qualifying criteria at this address -

http://www.gov.im/lib/docs/treasury/KSF/ksfearlypaymentschemeapprovedty.pdf

Also info on the proposal to increase this to £10,000. Tynwald votes on 17th Feb.

http://www.gov.im/lib/news/cso/10000earlypaymen.xml

Posted by kiwi38 on Fri, 30/01/2009 - 16:08
Tynwald updated the

Tynwald updated the eligibility criteria on the Government website - see

/www.gov.im/lib/docs/treasury/KSF/ksfepseligibilityguidancenotesjan2.pdf

Not sure about business accounts, but they do not seem to be specifically excluded.

Posted by poorinfrance on Fri, 30/01/2009 - 15:48
Sorry barbarajee, beg to

Sorry barbarajee, beg to differ. See my earlier posting in NEWS from Skandia website. I have no say in refusing it and no vote in what direction this whole miserable business goes.

Posted by id2cgs on Fri, 30/01/2009 - 15:44
Icland fast tracking to enter

Icland fast tracking to enter EU ! Why is everyone coming out of all this crisis smelling of roses except us ?

I thought after yesterday's hearing IOM would be worried they have to come up with a finished SOA within 3 weeks - after asking for 60 days.

They must be laughing at us now - instead of pushing forward we seem to be still chasing our tails over SOA or DCS. What happened to full recovery with opening the bank and us leaving our deposits for a period of time. Are they still considering this option ?

Posted by merlina on Fri, 30/01/2009 - 15:43
i am a bond holder so not

i am a bond holder so not entitled to £1000. I would not accept it anyway as it is insulting unless one is starving and i am lucky not to be. i am desperately sorry for those who need this money badly, but those like me who have lost a huge amount in a bond in a sipp do not appear to qualify for any compensation whichever way they word it. thats why i am going the private route to get my money back and not relying on this forum, however hard it has worked, or the iom government or the liquidators or the ombudsman.. the whole point is for me that my money should not have been deposited in this wretched dying bank and the ifa who chose it is being sued. simple as that.

Posted by barbarajee on Fri, 30/01/2009 - 15:31
And what's more, Jamie Bloody

And what's more, Jamie Bloody Oliver can stick his family dinner for a fiver -

At the rate the UK is going, a fiver wouldn't pay to heat the water to was the plates up.

Gives me the right hump it does. That and a family sized helping of Smirnoff Blue.

And not only that, the Russian get the right hump when you show them that premium Russian vodka Smirnoff is made in Park Royal, near the Scrubs. Actually I made that bit up about Park Royal, but it is made in the UK from bio-diesel.

Posted by Captain Mainwaring on Fri, 30/01/2009 - 15:23
Oh Yes! the knobbly bits

Oh Yes! the knobbly bits remain exactly the same -- what's in a bit of bribery to sign folks up to the SOA, good ploy you have to admit, being offered a bribe with your own money - then having to pay it back with interest ---
I like it -- wish I'd thought of it years ago..

.interest no not confirmed yet, as far as I know

Posted by skintagainnow on Fri, 30/01/2009 - 15:20
Silly old sausage aren't I? I

Silly old sausage aren't I?

I suppose that the knobbly bits remain the same though.

IoM should employ me as a consultant in idiocy, I would have told them to up the anti on the EPS to 10K, and achieve the same result without having to resort to the SoA to dilute the voting.

Has the IoM confirmed what interest rate will be payable on the advance, if any?

Getting so confused now, haven't a clue who the quorum sub-committee is or where all this magical money is coming from.

I've been keeping an empty bottle of milk in the fridge in case anyone comes around and wants black coffee.

Posted by Captain Mainwaring on Fri, 30/01/2009 - 15:11
If anyone is interested, I

If anyone is interested, I have had £1,000 paid into my account today They have been true with that one.

Posted by Hampnew on Fri, 30/01/2009 - 15:10
As a bondholder, don't have a

As a bondholder, don't have a choice or a vote!

Posted by id2cgs on Fri, 30/01/2009 - 15:06
Re qualifying, I don't claim

Re qualifying, I don't claim to be the expert, but all direct depositors qualify, business accounts do not (I think thats right). Not sure about other types of depositor. Try: http://www.ksfiomdepositors.org/node/2080

Posted by ng on Fri, 30/01/2009 - 15:06
Not really, if the SOA is not

Not really, if the SOA is not accepted - then I guess the £10k will not be on offer... can't see anything in the documentation to state it is limited to SOA, but nothing to say it will be applied whatever the outcome either...

& you know how IoMG works

Posted by skintagainnow on Fri, 30/01/2009 - 15:04
The 10k was related to the

The 10k was related to the SoA, so no this is not out of date - the 1k is the offer on the table.

Posted by ng on Fri, 30/01/2009 - 15:02
Isn't this out of date now,

Isn't this out of date now, what with the proposed 10K?

Does accepting 1K assume acceptance of 10K, or is there a separate form to fill in?

I've no idea, if there are anymore forms, then the bailiffs have claimed them.

Posted by Captain Mainwaring on Fri, 30/01/2009 - 14:58
NG - can we have another

NG - can we have another option -- not extracting the proverbial - the position I'm in and possibly others..

no I don't want to, but I may have to

Posted by skintagainnow on Fri, 30/01/2009 - 14:55
Where is the qualifying

Where is the qualifying criteria to be found please? Just interested to see who they excluded from getting a £1,000 loan of thier own money.

Posted by kiwi38 on Fri, 30/01/2009 - 14:49