Sunday, September 6, 2009

A good compensation for Minibond

Hello Mr Tan
I invested a small sum of Lehman Minibond with a bank. After negotiation with FIDREC, tbe bank offered 50% less 50% of interest paid to me, and I get to keep my shareholding. Please advice if I should just accept since my is a small amount.

REPLY
If the bank is willing to allow you to keep the Minibond and to receive the future proceeds at maturity, it is a good deal for you. You should accept it.