TNAG-2029-FCO40-2891-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 233

4

This means that any new deposits placed by the KIO with an autorised institution must be held on Kuwaiti designated accounts by those institutions and that repayment of the deposits plus accrued interest may be made only to another Kuwaiti Account. relative bankers' payments or CHAPS advices must be marked "Eligible for credit only to a Kuwaiti Account".

Futures and traded option contracts

A further letter will be sent to you concerning these financial instruments as soon as possible.

Any transaction not covered by the above guidelines should be referred to the Bank of England Iraq & Kuwait Emergency Unit.

The

There is no objection to this letter being shown to members of the London markets with whom you deal.

Yours

Sincerely,

6.5. A. Keulfield.