- 12 - 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.Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
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