Crash TSDI sur le bancassureur néerlandais SNS Reaal !

La VEB a publié un article sur l’affaire de SNS, mais rin de spécial.

VEB - Onteigende SNS-beleggers krijgen wél compensatie

Next week, the OR will announce when it will decide on the amount of compensation to SNS investors. It will then become apparent whether it follows the conclusions of the experts. At an earlier stage, the OR already announced that a compensation of zero euros is not enough. Since yesterday, the OR has a remarkable co-host: the Minister of Finance.

Bonjour!

Vous parlez de SNS n’est ce pas?
Oui il semble qu’on y arrive…

Voir le post d’aujourd’hui: "crash TDSI…"
(23/23) Crash TSDI sur le bancassureur néerlandais SNS Reaal !

Bonjour,

Pour votre information, la décision de la Chambre de Commerce est prévue pour le 28 mars 2019.

Par d’appel possible sauf Cassation

Des nouvelles du verdict ?

La faillite de SNS date d’avant la nouvelle doctrine de l’UE donc même si les épargnants sont dédommagés, ça n’aura pas d’impact sur les faillites bancaires dans le futur puisqu’on ira systématiquement tondre les actionnaires, les obligataires, les clients au dessus de 100ke …. avant d’envisager le moindre sauvetage public.

Désormais les règles sont claires et on connait les risques encourus.

Rendez-vous mi-2O20 pour la suite du feuilleton de la SNS

VEB - Update inzake SNS-schadeloosstellingsprocedure

The total value of (other than State-owned) SNS Reaal shares remains 0. For subordinated bond holders, there is a small plus compared to the previously reported value in the original expert’s report.

Final judgment mid-2020

Pas plus que ce qu’il y a dans le lien indiqué.

Ping pong depuis des années entre les cours qui demandent une compensation et le gouvernement qui dit oui mais ce sera 0 euros.

Au dernières nouvelles il faut attendre mi-2020 pour la suite des évènements.

p.s : dans quel contexte avez-vous acheté ces obligations ? c’était un choix personnel ou une suggestion de HSBC ?

J’espère que ça ne représentait pas une grosse part de votre épargne parce que les chances de récupérer quelque chose sont minces.

Je ne sais pas si vous avez pu/voulu joindre d’autres investisseurs qui ont porté plainte contre HSBC en Grèce parce qu’il y a clairement eu un défaut de conseil.

Bitten Dutch-bank investors include HSBC clients

The bonds sold in Malta seemed to follow the same pattern as that observed in Greece, he noted, where HSBC clients were sold bonds with a minimum threshold of €50,000.

Mr Faas is leading the charges on behalf of bond holders who lost millions when SNS was expropriated without compensation by the Dutch government in February.

Disappointed investors seek redress regarding failed investments - The Malta Independent

Approximately 200 persons spread all over the world  have registered so far and their total loss amounts to €125 million. Among the participants are institutional as well as private investors. This e-mail concentrates on the problems of the latter and is caused by dubious business conduct of HSBC which will be substantiated below.

At first we were surprised that among the 200 participants there were more than 30 Greek private investors and after studying their stories we found out that they had all bought the SNS bonds through HSBC Greece.

An evaluation has led to the conclusion that there was a constant violation of MIFID-regulation and the simplest example from that is that these clients were told that the minimum face value of this bond was €50.000 (which forced them to invest a majority of their available funds, if not all, in this subordinated bond of the troubled Dutch Bank in a period (October 2012-January 2013) when the problems of SNS were already widely known.

We have therefore organized two bondholders meetings in Greece (31/3 and 28/4) and filed a complaint at the Hellenic Capital Market Commission (preliminary 1st of April,  definite 30th of April) whereby we grounded the violations of MIFID (a.o. appropriateness, suitability, best execution and conflict of interest) by HSBC which have not only led to the damage in the SNS case but might have a more widespread effect because of the apparent ‘expectation gap’ between what the bank thinks it services and the public thinks it receives. A copy of the complaints are available on request.

We have contacted HSBC in London but they considered it as a Greek problem and the communication with the legal counsel in Athens remained fruitless so we were forced to consider legal actions. A situation with incriminating features (predating of forms) is currently under investigation.

Il faut sans doute chercher sur les sites Grecs, je n’ai pas d’autres informations, courage.

Je ne sais pas si certains étaient au courant de cette offre ? Une société proposait de racheter les obligations SNS à 17% ( ou 8% pour certaines tranches ).

Southey Capital Ltd Announces an Invitation to Purchase Securities of SNS Bank NV and SNS REAAL NV for Cash

LONDON, April 28, 2020 (GLOBE NEWSWIRE) -- Southey Capital Ltd (the “Offeror”) has today launched an invitation to holders of the securities set forth in the table below (the “Securities”) issued by SNS Bank NV and SNS REAAL NV (the “Issuers”), which have been expropriated by the State of Netherlands, to tender for purchase up to the applicable maximum acceptance amount of such Security (the “Maximum Acceptance Amount”), as set forth in the table below, by the Offeror for cash, subject to applicable offer and distribution restrictions.

Vous pouvez encore y participer.

Southey Capital Ltd (the “Offeror”) has today launched an invitation to holders of the securities set forth in the table
below (the “Securities”) issued by SNS Bank NV and SNS REAAL NV (the “Issuers”), which have been expropriated by the
State of Netherlands, to tender for purchase up to the applicable maximum acceptance amount of such Security (the
“Maximum Acceptance Amount”), as set forth in the table below, by the Offeror for cash, subject to applicable offer and
distribution restrictions.
Holders wishing to receive the full offer documents are requested to complete the form at the bottom of this page and
confirm their holdings.
Holders are kindly requested to confirm or decline their acceptance before 22nd June 2020, 18:00 CET.