MAS just released a statement providing the numbers of people affected by Lehman Minibonds, Jubilee Series 3 and DBS High Notes 5. The investment amount of each product was also given.
More importantly, it gave out specific timelines to financial institutions who have received complaints.
For holders of Minibond series 5 and 6, you might also want to note that HSBC Trust does not anticipate commencing the sale of the underlying securities within the next two weeks. While no one has approached them on taking over the swap counterparty role yet, a few financial institutions (FIs) are assessing the commercial viability of taking on this.
The entire press release can be read below:
MAS sets out resolution process and timeline
On another note, David Gerald, head of the Securities Investors Association of Singapore (SIAS), has mentioned that complex investments are not suitable for retirees. His statement can be found in this article in the Business Times (accessible only after 6 pm).
There was also an article on the liquidation of the Jubilee Series 3 LinkEarner Notes inside the same issue of the Business Times.
Separately in Taiwan, the government and two private agencies have started accepting registration from Lehman Minibond victims seeking to recover their capital.