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from February 12 6th January 2016 The Financial Services Compensation Scheme (FSCS) has issued premium refunds to more than 2,600 European Risk Insurance Company (ERIC) policyholders.FSCS is working with ERIC to determine the payment details of the remaining policyholders so payments can be issued.We ensure that each and every order we take on meets our rigorous standards for construction, durability and aesthetics.Through decades of experience working to meet the unique needs of the hospitality industry, HF Collection has earned an international reputation for impeccable quality, competitive prices, on-time delivery and excellent customer service.Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).Pursuant to 9.1(c) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 30 June 2017, the Issuer hereby notifies the Bondholders that the final amount of Euro Equivalent Available Cash paid on the 21 July 2017 will be €146,561,602.
However, the Financial Supervisory Authority can extend the settlement period twice for one year at a time.
Pursuant to 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 30 June 2017, the Issuer hereby notifies the Bondholders of payment which will be applied in partial redemption of the Bonds on the Payment Date of 21 July 2017.
The estimated Euro Equivalent Available Cash for this payment is €147,723,358.
Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States.
It was seventh largest bank in the Nordic countries in terms of market capitalization.
All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank.