Caydion Campbell, the trustee for Stocks & Securities Ltd., says the company's losses, amounted to $4 billion, including $3.2 billion to slightly more than 200 non-proprietary clients and regular clients, whose funds and investments were held in their names, separate from the company's accounts.
He adds that the company's liabilities were estimated at $1.03 billion as at May 24, while the realisable or saleable assets were projected at from $107 million to $254 million.
SSL's off balance sheet assets are valued at $345 million, with $153 million, or 44 per cent to be earmarked for the SSL Victims Compensation Fund, which will become effective next month.
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