Further to the Client Money Update published on 11 December 2012, the Joint Administrators would like to remind client money claimants of the actions required in order for the Joint Administrators to make a first interim client money distribution (the ‘First Interim Client Money Distribution’) in the first half of 2013.
Preparations are underway with regards to the First Interim Client Money Distribution with the Joint Administrators objective being to maximise participation both in terms of the number of participants and the value of the distribution.
If you believe that you have a client money entitlement and are not currently discussing your claim with us, we would encourage you to take the required actions in order for you to have the opportunity to participate. Please refer to the 11 December 2012 communication which outlines the required steps and timelines.
Please note that if you have executed a Claims Determination Deed and received a payment in the first interim unsecured dividend no further action is required by you at this time. Additionally, if you participated in the small claims settlement offer (‘SCSO’) you should disregard this update.
A further communication specifically relating to next steps with regards to the First Interim Client Money Distribution will be posted during the first half of February 2013.
If you have any questions with regards to this update please contact clientpositionresponses@lbia-eu.com.
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