Client Money Update - Client Money Proposal Extended to 9 June - 02/06/10

This update is to inform Pre-Administration Client Money claimants that the Joint Administrators have extended the registration deadline and encourage all claimants who wish to be considered for the Client Money Proposal to log on to the Portal by Wednesday, 9 June 2010 and indicate that they wish the Joint Administrators to consider making a payment to them under the terms of the Client Money Proposal. Click here to log on to the Portal.

By way of background, on 8 April 2010, the Joint Administrators made a proposal indicating that the Administration would consider paying certain smaller Pre-Administration Client Money entitlements (up to a maximum of USD 10,000 (ten thousand US dollars)) in full now (the “Client Money Proposal”).  More information is available in the Client Money Update of 8 April 2010 and in the Client Money Proposal Frequently Asked Questions. The full Client Money Proposal is available on the Client Information Portal (the “Portal”).

If you require log on details for the Portal, please contact clientpositionresponses@lbia-eu.com referencing your full client name and GAC code.

Please note that only authorised representatives of the legal entity are allowed to access the Portal on behalf of such entity.  Under no circumstances should any other person access the Portal.  Any person logging onto the Portal will be required to make a representation that he/she is authorised on behalf of the relevant entity to access the confidential information contained in the Portal.

Should you have any questions, please do not hesitate to contact us by emailing clientpositionresponses@lbia-eu.com.