Encashments have been suspended at present in the NDF Administration(NDFA) and DRL structured products linked to Lehman Brothers, it was announced today.
Statements from the groups say capital and income payments have also been halted from Lehman Brothers so no payments can be passed onto investors. NDFA and DRL say while they would hope to see investors receive some capital returned, it is not possible to say at this time whether or when any further payments will be received from Lehman Brothers. Five plans by NDFA and seven plans by DRL are linked to Lehman Brothers Securities and have been hit as the company announced its bankrupty at the weekend. The groups announced it is no longer possible for investors to encash investments durin...
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