Joyce Aston - Page 12

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          6.  Petitioner's Claims Against BCCI, S.A.                                  
               At the time the deposits at the IOMB of BCCI, S.A. were                
          seized, petitioner's account had a balance of 129,608.46 pounds             
          sterling  (equivalent to US$209,771.29 under the prevailing                 
          exchange rate4).  Accordingly, as of January 3, 1992, petitioner            
          and Mr. Aston had a claim balance of 129,608.46 pounds sterling             
          against BCCI, S.A. (in liquidation).                                        
               A.  Isle of Man Depositors' Compensation Scheme                        
               The Isle of Man Depositors' Compensation Scheme notified               
          petitioner by letter dated January 20, 1992, that she could file a          
          claim for depositors' insurance.  (Petitioner's account at the IOMB         
          of BCCI, S.A. was insured by the Bank of England (through the Isle          
          of Man Depositors' Compensation Scheme) for up to 15,000 pounds             
          sterling.)  Sometime between March and June 1992, petitioner filed          
          a claim with the Isle of Man Depositors' Compensation Scheme for a          
          loss regarding account No. 03000571 at the IOMB of BCCI, S.A.  The          
          15,000 pounds sterling to which petitioner was entitled from the            
          Isle of Man Depositors' Compensation Scheme reduced petitioner's            
          maximum potential  loss  to  114,608.46  pounds  sterling  (or              
          $185,493.79). In 1993, petitioner received at least 9,000 pounds            
          sterling from the Isle of Man Depositors' Compensation Scheme.              

               4    Hereinafter, a dollar sign ($) refers to U.S. dollars.            







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