Wednesday, September 24, 2008

Preparing your statement or affidavit

This blog contains a few useful tips for you to prepare your statement or affidavit to submit to the financial instition that sold the credit linked securities to you (i.e. minibond, high notes) without advising you clearly about the risk.

I suggest that investors should get the papers ready now:

http://thinkhappiness.blogspot.com/2008/09/meeting-lawyer.html
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2 comments:

Anonymous said...

These people who sell these minibonds should be punish. I am one of them who bought minibond 7, at that point of time, they show me the statment which show IT IS REGISTERED WITH MAS, it is just like a FD, but you are exposed to the credit risk should any one of the reference entities experience a credit event. Lehman Brothers is not even in the reference entities on the statment itself and they never even tell me who is Lehman brothers when i hang over the money. How fair will that be when the seller tell you a story and when things happen they tell another. Did MAS even read the statment before they approve them

September 24, 2008 2:25 PM
Unknown said...

I invested in the product sold by OCBC named "JUBILEE SR3 (SGD) 5.25% 23JUN14", and was informed by OCBC that is also affected by Lehman's bankrupcy. Anybody having the same product (as it is not well publicised)? If so, we should contact each other to discuss course of action.

September 24, 2008 2:42 PM

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