Disliked{quote} If that is the case, i don't see the point in converting all the money to USD in the first place...Ignored
but regarding FSCS thats the case (because their threshold is in GBPs and not another currency)
from what i understood from the document... "behind the lines "
they probably have co-operated to a great extend with the FSCS in order to make the process more efficient and smooth.... hence the "portal" created where we are going to agree our claims.
i would have expected a process where KPMG agrees that there is a 50k claim.... made us an offer of lets say (example) 25K out of a 50K account and we then went to FSCS to claim the rest...
where as now we agree what the claim is if its up to the threshold you finalise everything gets directly to the FSCS (if you chose so) get your money and the FSCS finalises the rest with KPMG
so it saves time effort and a lot more of the process between KPMG and FSCS as well as for us
lets wait to see...the "non traders" of the specified date are straight forward they will give us an idea i believe of what is going to happen to the rest who traded the specified dates