KPMG Urges Alpari UK’s Unsecured Creditors to Submit Their Claims

The submissions have to be presented no later than the 30th of October by email or post

The special administrator overseeing the bankruptcy proceeding of failed UK brokerage Alpari UK has distributed a letter informing the unsecured creditors of the company that they have about two and a half months to submit their claims.

In addition, the document states that an interim distribution of funds will be made to the unsecured creditors of the company within two months from October 30th.

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The notice does not affect Alpari UK’s customers who have presented their claims to the Client Money Pool.

Entities who have acted as trade creditors or suppliers to Alpari UK will have to complete a form published on KPMG’s website dedicated to the Alpari UK bankruptcy, with invoices for their services attached to the form.

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Professional Clients & IBs

The professional clients of Alpari UK have already been sent bespoke proposals from KPMG, the special administrator urging to return them filled in with the according details before the 30th of October, 2015.

The Special administrator also requires a proof of ID from Alpari UK’s professional clients.

Introducing Brokers (IBs) have also been sent proposals from KPMG, which need to be returned by October 30th. They also have to to fill in a proof of debt form which can be obtained from the dedicated Alpari UK bankruptcy section of the website of KPMG. In addition, IBs will need to present their account statements as of the 19th of January, when Alpari UK filed for bankruptcy.

The special administrator of the Alpari UK bankruptcy, KPMG, urges all unsecured creditors to submit their claims via email to alpariukclaims@kpmg.co.uk or by post to the following address:

Alpari (UK) Limited (in special administration) c/o KPMG LLP
10th Floor
15 Canada Square
London E14 5GL

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