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CreditorHelpline.co.uk providing information for NDFA and DRL
NDF Administration Limited and Defined Returns Limited - both in Administration
Andrew Hosking and Martin Ellis of Grant Thornton UK LLP were appointed joint administrators of NDF Administration Limited and Defined Returns Limited on Wednesday 14 October 2009.
A telephone helpline has been setup on 0844 770 2203.
Helpline opening hours are: Mon - Fri 9am - 6pm, Currently, the Helpline is closed at the weekend.Over the Christmas period, the helpline will be closed on the following days: Friday 25th December, Monday 28th December, Friday 1st January.
Please be aware that the helpline can been very busy at times, so please be patient and if possible call back later in the day.
Administrators' proposals
I attach copies of the administrators' proposals in respect of NDF Administration Limited and Defined Returns Limited below.
Copies of the proposals have been sent to all known creditors and contingent creditors (which includes investors
in products where the counter-party was a Lehman Brothers entity).
Other investors should not face any loss as a result of the administration and are not therefore creditors
of either NDF Administration Limited or Defined Returns Limited. I attach the proposals below for information purposes only.
| i. NDF Proposals |  |
| ii. DRL Proposals | |
| iii. NDF Administration Limited, notice of result of meeting of creditors (27 January 2010) | |
| iv. Defined Returns Limited, notice of result of meeting of creditors (27 January 2010) | |
Latest News:
i. Update to Investors 14 January 2010
Further to the update dated 12 January 2010 regarding the return of funds for any surrendered ISA mortgage plans,
OPAL have advised that cheques will be released in the week commencing 25 January rather than Friday 22 January as previously stated.
ii. Update to Investors 12 January 2010
ISA status monies
Defined Income Plan August '09 and RBS plans (Autopilot, Skyline, Navigator, Royal Deposit) Cancellations
In our letter dated 3 December 2009 we informed investors who transferred investments in from alternative ISA plan managers to either:
- Provide us with transfer documentation to send the funds to another ISA plan manager
- We would return the investments to the originating ISA plan manager
ISA Mortgage Plans
We are now in a position to comment further on the backlog of surrender requests for the above plan.
All outstanding requests should be processed by Wednesday 13 January, with the requiredtrades to be completed by Thursday 14 January. This should result in all investors who have requested a surrender of their policy receiving their funds by Friday 22 January.
Financial Services Compensation Scheme (FSCS) Website Link - Information for Lehman Brothers Backed Products
The following website contains the most recent information provided by the FSCS in relation to specific products backed by Lehman Brothers.
http://www.fscs.org.uk/consumer/latest_news/2009/dec/NDF_DRL_ARC/
| Letters to Investors dated 7 December 2009 |
| i. Lehman Backed Products - NDF |
| ii. Lehman Backed Products - DRL |
Independent Investor Forum
The Administrators have been made aware that an independent investor forum has been setup on the following website http://ndfandarcvictims.ning.com
Neither Grant Thornton UK LLP nor the joint administrators of NDF Administration Limited and Defined Returns Limited take responsibility for the content of any external website. The inclusion of a link to an external website from the joint administrators' NDF Administration Limited / Defined Returns Limited website should not be understood to be an endorsement of that website or the site's owners or contributors