tag:blogger.com,1999:blog-11702093.post8052008770145817980..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Seek compensation for losses on the credit linked notesTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11702093.post-47917511924493331172010-02-06T22:33:14.404+08:002010-02-06T22:33:14.404+08:00""""For some of the Pinnacle N...""""For some of the Pinnacle Notes that has not yet gone bust, is it true that the holders will get back the full amount upon maturity assuming that there is no further defaults?"""<br /><br />Of course, if there is no default.<br />Everyone seems to have lost confidence even in the most basic things.<br /><br />I don't think it can be that "toxic"..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-2335977528294014332010-02-06T16:53:18.491+08:002010-02-06T16:53:18.491+08:00For some of the Pinnacle Notes that has not yet go...For some of the Pinnacle Notes that has not yet gone bust, is it true that the holders will get back the full amount upon maturity assuming that there is no further defaults?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-42485364850865998682010-02-06T13:24:26.587+08:002010-02-06T13:24:26.587+08:00Where does it say that you can get back your princ...Where does it say that you can get back your principal upon maturity? This is a misconception created by misleading and ambiguous statements in the prospectus or by the salesman.<br />My understanding is that this toxic product behaves like a option,ie.,it decays with time. Upon it's expiry you either get back only a fraction of the original value or nothing at all, after deductions for commissions, fees and expenses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-34982294064541877722010-02-06T11:36:06.300+08:002010-02-06T11:36:06.300+08:00Some of the Pinacle notes may now have less than 5...Some of the Pinacle notes may now have less than 5% market value.<br />If u go to Fidrec, the compensation is likely less than 30% based on market vale.<br />But who know, if you are lucky, u may get back your principal in 2-3 years' time.<br />But can u wait so long???<br />Would FIs allow u to wait so long??? <br />Would Fidrec allow u to wait so long???<br />What should u do now??<br />Are u prepared to "loss" 70% of the value just to get 15% now???Anonymousnoreply@blogger.com