Graeme you are still not commenting on the parent banks 100% guarantee confirmation of which is below in email form to me from Kaupthing in the IOM.
Dear SirFurther to our telephone conversation , I confirm that funds held with us are firstly covered by the Isle of Man Depositors Protection Scheme, and then by our Parental Guarantee. Not only are all deposits held with Kaupthing Singer & Friedlander in the Isle of Man covered by the Depositors Compensation Scheme contained in the Isle of Man Banking Business (Compensation of Depositors) Regulations 1991, they are also fully guaranteed by Kaupthing Bank hf – with this guarantee customers have peace of mind that their savings are fully secured. A copy of this parental guarantee has been lodged with the Isle of Man Financial Supervision Commission.