Date
Name of CEO
Financial institution
Collective Letter to request for an Open forum
Dear Sir,
We are the valued customers who have placed our explicit trust in your organisation. On the recommendation of your Relationship Managers, we have put in our hard earned money in the credit linked securities and have made substantial losses.
We wish to request you Senior Management as follows:
1) Obtain from the trustees a detailed statement of account for each series of the credit linked securities sold to us, from the inception until the latest available date, together with a valuation of each series of the securities at the latest available date.
2) To hold a meeting of the investors to give an explanation on the performance of each series of the securities and to allow us ask questions and seek clarification. We wish to have the well-regarded person (Mr. XXXXXXXXXXX) to be present at the meeting.
We would like you to accede to this request within 2 weeks of this letter. Kindly provide a reply to this letter.
Yours Sincerely,
(signatories)
thats a useful template, but as they liken to say its the execution that counts
ReplyDeletejust to share some tricky experience, i ever came across where a complaint or case raised to an assigned or adhoc department or committee, but key personnel within that department or committee keep changing, very high turnover
a complaint or case might get jammed up even before its heard, or that its continously being heard and then reviewed and then heard and then reviewed again becos each new fellow said he wasnt certain..until he review it again. so does the next fellow after him when he moved on, becos the parties involved with it keeps changing.
or keeps getting changed. wink
who has the FINAL authority to say the buck has to stop passing around, that this has to get done by when. who would exercise that final authority. who would sign on that red letter.
this episode is a good litmus test of what sort of Enforcement fortitude this Little Red Dot has long proclaimed.
Dear Summer,
ReplyDeleteJust press hard on the CEO or Chairman of the FIs. These million dollar men will not be changed easily. Don't waste time with the thousand dollar men.
Will be useful if the different cluster group co-ordinators prepare this leeter in advance and obtain the signatures this Saturday at Hong Lim Green
ReplyDelete