DCS 11 Dec 2018: IMPORTANT NOTICE re Interest

Category: Newsflash

The IOM Depositors' Compensation Scheme has issued a status update and guidance for DCS & EPS claimants.

All concerned need to read this & take action :

"... The Scheme Manager of the DCS will distribute all Surplus Interest it receives from KSF (being the final dividend from KSF) to the relevant DCS & EPS claimants, without retaining any amounts that may have been due to it, and without charging any administration fee against claimants. In light of this decision, and to minimise costs to the DCS, the Scheme Manager will issue final distributions by way of GBP cheque payment. ...

.... DCS & EPS claimants who wish to receive the Surplus Interest payment (the final dividend) will need to confirm or update their address details ..."

Read the full notice here

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