Glossary of Terms

Glossary of Terms

Term Meaning
A/C (acct) account
Aiden Doherty Director of KSFIOM
Allan Bell MHK Treasury Minister
Alan Gough Advocate & Partner – Gough & Co (solicitors IOM)
Alix & Partners Bank Recovery/Restructure Strategists
BACS Banks Automatic Clearing System
BS Building Society
Caine Solicitors for PWC
CDS Credit Derivative Swap
CHAPS Clearing House Automated Payment System
CoD Certificate of Deposits
David Lovett Alix & Partners (Restructuring Specialists)
DCS Depositor Compensation Scheme
DHSS Department of Health & Social Services (UK)
Currency - Euro
E&Y or EY Ernst & Young – administrators for KSF UK
EEA European Economic Area
Edwin Coe KSF IOM Advisor – UK based
EU European Union
FME Financial Services Authority - Iceland
FSA Financial Services Authority – UK
FSC Financial Supervision Committee – IOM
FSCS Financial Services Compensation Scheme – UK
FYI For Your Information
GBP Currency - UK pound
Geir Haarde Icelandic Prime Minister
Green & Co Solicitors – In flight transfers Group
Greggs & Latchams Solicitors – In flight transfers Group
Gundi Adelsteinsson Icelandic Ambassador to UK
HMG Her Majesty’s Government
HMT Her Majesty’s Treasury
Hopper KSFIOM Action Group member who has started independent action on in-flight transfers
IFA Independent Financial Advisor
IMF International Monetary Fund
IMHO In My Honest Opinion
IMO In My Opinion
In-flight money that has left the donor bank and is in the ‘clearing system’ and not received by the recipient bank
ING Direct UK Subsidiary of ING Holland
IOM (IoM) Isle Of Man
IVA Individual Voluntary Arrangements
John Aspden Chief of FSC
John Spellman Director & Head IOM Finance
John Wright KSFIOM DAG advocate – IOM
Judicial Review Review of a judgement or court order, in case of KSFIOM the uksi 2674
Kr Currency - Icelandic Krona
Kaupthing hf (Hf) Kaupthing Bank – Iceland (Parent Company)
KE Kaupthing Edge (a specific type of savings account)
KSF IOM Kaupthing Singer & Friedlander (Isle of Man Branch)
KSFIOM DAG KSFIOM Depositors Action Group
LP Liquidator Provisional ( IOM terminology)
Mark Shimmin Chief Financial Officer – IOM Parliament
MEP Member of European Parliament
MHK Member of the House of Keys (IOM Parliament)
Micheal Simpson LP of KSFIOM from PWC
Micheal Weldon Head of Supervision FSC
MP Member of Parliament – UK
Mr Morris Solicitor representing the ‘Bond Holders’(Royal Skandia/AXA IOM/Norwich Union/Friends/ Provident/Prudential)
OECD Organisation for Economic Co-operation and Development
Peter Spratt Joint LP and UK PWC Partner
PR Public Relations
PWC Price Waterhouse Cooper (Liquidator Provisional) – KSF IOM
RAF Royal Air Force
S&F Singer & Friedlander
SoA Scheme of Arrangements
Sverrir Gunnlaugsson Icelandic Ambassador to UK
Tony Brown MHK Chief Minister
TSC Treasury Select Committee
Tynwald Parliament of the IOM
UK United Kingdom
uksi2674 Court order via HMT on KSFUK - allowing transfer of funds to ING
USD Currency - US Dollar
Weil Gotshal & Manges Legal team employed by K hf
50K for example £50,000

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