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€100,000 was insured. If you want to go along that line of thinking, then he currently has access to less than 4% of the uninsured money.
by brigade 14y ago
€100,000 was insured. If you want to go along that line of thinking, then he currently has access to less than 4% of the uninsured money.
- gurvinder 14y agoAs far as I understood , no part of uninsured money will be left for him. Insurance is for Euro 100k, and he has a Dollar Account, that is why he will get only $128k based on the exchange rate.
- Xylakant 14y agoThe funds are currently marked as frozen. I presume that they're still figuring out the exact percentage for the haircut, so the only assets he can use is anything up to the insured amount.
- gurvinder 14y agoNo the decision has been already made, Laikie is being dissolved, so there won't be any haircut. You will get only Euro 100k http://www.cyprus-mail.com/cyprus/details-euimf-bailout- http://www.cyprus-mail.com/cyprus/details-euimf-bailout- agreement-cyprus/20130325 "Laiki will be resolved immediately - with full contribution of equity shareholders, bond holders and uninsured depositors - based on a decision by the Central Bank of Cyprus, using the newly adopted Bank Resolution Framework."