Thank you for your enquiry. I hope that the information below will provide the comfort for the protection of funds held with ourselves.

Independent Ratings

Kaupthing Bank hf continues to enjoy strong independent credit ratings, which are currently classed as "Stable" by both Moody's and Fitch:

Moody's: Long Term: A1 Short Term: P-1

Fitch: Long Term: A- Short Term: F2

Parental Guarantee

Not only are all deposits held with Kaupthing Singer & Friedlander in the Isle of Man covered by the Depositors Compensation Scheme contained in the Isle of Man Banking Business (Compensation of Depositors) Regulations 1991, all deposits are also fully guaranteed by Kaupthing Bank hf.

The ultimate parent of Kaupthing Singer & Friedlander (Isle of Man) Limited ("KSFIOM"), Kaupthing Bank hf ("KBhf"), has a guarantee in respect of KSFIOM's liabilities. These include customer deposits, to the effect that whilst KSFIOM remains a wholly owned subsidiary KBhf guarantees to discharge the liabilities of KSFIOM in so far as KSFIOM is unable to discharge those liabilities from its own assets. A copy of this guarantee has been placed with the Isle of Man Financial Supervision Commission.

Group Website

The Investors Relations section on the Group's website can provide you with our Annual Results, commentary on the ratings, and much more information that may be of interest to you. You can access it using the following link:


The Bank has a clearly stated objective of having ongoing sufficient secured liquidity to repay all maturity obligations for at least 360 days. At end December 2007 the liquidity of Kaupthing Group was sufficient to cover all obligations for more than 440 days, reinforcing the Group's strong liquidity position.

I trust that the above is of assistance.


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