Information release

Section 3 - Default of SCF and Triggering of the Crown Guarantee - South Canterbury Finance Ltd Information Release

Publication type:
Information release
Status:
Not Current
Issue date:
Version note:

This information release page and its linked files are no longer actively updated. They remain publicly available but have 'Archived' status in accordance with the New Zealand Government Web Usability Standard 1.3 (1 July 2019).

Corporate author:
The Treasury
Viewpoint:
The Treasury
Publication category:
Official information
Copyright:
© Crown Copyright, Attribution 4.0 International (CC BY 4.0)
Last updated:

Documents on this page cover the period August to October 2010 when the Board of South Canterbury Finance (SCF) asked Trustees Executors Ltd to appoint receivers, triggering payment by the Crown to depositors under the Retail Deposit Guarantee Scheme.

This page is part of a wider information release on the participation of South Canterbury Finance Ltd in the Retail Deposit Guarantee Scheme, including the company's default and the triggering of the Crown guarantee.

The sections of the SCF information release are:

Documents#

Accessible versions

Documents are available in Adobe PDF format only. Please contact [email protected] to request HTML versions.

South Canterbury Finance Ltd Information Release: Section 3: Default Of SCF And Triggering Of The Crown Guarantee: Documents
Doc. Date Creator Title
Letter from Forysth Barr to the Treasury: Recapitalisation of South Canterbury Finance Limited - 30 August 2010 - South Canterbury Finance Ltd Information Release
PDF
133.06 KB
Document by the Treasury: On Call Deposit Confirmation with Reference to Facilities Agreement Dated 31 August 2010 - South Canterbury Finance Ltd (in Receivership) - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
30.45 KB
Deed between the Crown and the Receivers of South Canterbury Finance: General Security and Guarantee Deed - [31 August 2010] - South Canterbury Finance Ltd Information Release
PDF
1.4 MB
Agreement between the Crown and the Receivers of South Canterbury Finance: Facilities Agreement - [31 August 2010] - South Canterbury Finance Ltd Information Release
PDF
832.88 KB
Deed between the Crown and Charging Group Members and Trustees Executors Ltd: Deed of Priority - [31 August 2010] - South Canterbury Finance Ltd Information Release
PDF
469.54 KB
Agreement between Trustees Executors Ltd and the Crown: Crown Deeds of Guarantee - Payment and Deposit Terms - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
638.95 KB
Letter from Trustees Executors Ltd to the Receivers of South Canterbury Finance: Consent from Trustees Executors Limited to Borrowing under the Trust Deed - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
156.68 KB
Email by the Office of the Minister of Finance: Re: Ratings - 30 August 2010 - South Canterbury Finance Ltd Information Release
PDF
120.23 KB
Email by the Office of the Minister of Finance: FW: South Canterbury Finance / NZ Dairy Industry - 30 August 2010 - South Canterbury Finance Ltd Information Release
PDF
43.12 KB
Email with Attachment(s) from the Reserve Bank to the Office of the Minister of Finance: FW: SCF Ratings - 30 August 2010 - South Canterbury Finance Ltd Information Release
PDF
234.84 KB
Memo by the Treasury: Payments Regarding Guarantee Scheme: South Canterbury Finance - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
20.38 KB
Cabinet Minute by Cabinet Office: Additional Item: Reducing Costs under the Crown Retail Deposit Guarantee Scheme - 30 August 2010 - South Canterbury Finance Ltd Information Release
PDF
445.04 KB
Memo by the Treasury: Guide to [SCF Purchase] Proposal - 28 August 2010 - South Canterbury Finance Ltd Information Release
PDF
60.01 KB
Email from the Treasury to the Office of the Minister of Finance: Trading Halt - 27 August 2010 - South Canterbury Finance Ltd Information Release
PDF
47.1 KB
Email with Attachment(s) from the Treasury to the Office of the Minister of Finance: Re: South Canterbury Finance - 27 August 2010 - South Canterbury Finance Ltd Information Release
PDF
104.59 KB
Email with Attachment(s) from the Office of the Minister of Finance to the Treasury: [Proposal Letter] - 27 August 2010 - South Canterbury Finance Ltd Information Release
PDF
217.92 KB
Document by the Treasury: South Canterbury Finance Limited: Estimate of Total Amount Payable to Trustee as at 27 August 2010: Register Balances as at 23 July 2010 - 27 August 2010 - South Canterbury Finance Ltd Information Release
PDF
12.32 KB
Letter from South Canterbury Finance to the Prime Minister, Minister of Finance and the Treasury: [Re: Treasury Letter of 26 August 2010] - 27 August 2010 - South Canterbury Finance Ltd Information Release
PDF
188.55 KB
Letter from the Treasury to South Canterbury Finance: [Fiscal and Other Policy Considerations Associated with Crown Support for Recapitalisation of South Canterbury Finance Ltd] - 27 August 2010 - South Canterbury Finance Ltd Information Release
PDF
19.61 KB
Email with Attachment(s) from the Treasury to the Office of the Minister of Finance: Timeline - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
52.36 KB
Email from the Treasury to the Treasury and the Office of the Minister of Finance: Re: South Canterbury Finance (In Receivership) - 1 September 2010 - South Canterbury Finance Ltd Information Release
PDF
81.11 KB
Fax from the Treasury to Trustees Executors Ltd: On Call Deposit Confirmation - [23 September 2010] - South Canterbury Finance Ltd Information Release
PDF
28.06 KB
Email from the Treasury to the Office of the Minister of Finance: Conflict of Interest - 13 September 2010 - South Canterbury Finance Ltd Information Release
PDF
49.96 KB
Email from the Treasury to the Treasury and the Office of the Minister of Finance: SCF Next Steps - 11 September 2010 - South Canterbury Finance Ltd Information Release
PDF
62.32 KB
Email by the Treasury: South Canterbury Customers' Credit Lines Safe: Receivers - 10 September 2010 - South Canterbury Finance Ltd Information Release
PDF
51.46 KB
File Note by the Treasury: SCF - Meeting of Treasury & Receivers - 3 September 2010 - South Canterbury Finance Ltd Information Release
PDF
32.85 KB
Email from the Office of the Minister of Finance to the Treasury: [Phone] Call - 2 September 2010 - South Canterbury Finance Ltd Information Release
PDF
43.1 KB
Treasury Report by the Treasury: South Canterbury Finance: Managed Receivership Strategy - 2 September 2010 - South Canterbury Finance Ltd Information Release
PDF
198.19 KB
Fax by the Treasury: On Call Deposit Confirmation with Reference to Facilities Agreement Dated 31 August 2010 - South Canterbury Finance Ltd (in Receivership) - 2 September 2010 - South Canterbury Finance Ltd Information Release
PDF
30.37 KB
Email from the Treasury to the Office of the Minister of Finance: Re: Deposit Guarantee Scheme Fee - 1 September 2010 - South Canterbury Finance Ltd Information Release
PDF
172.2 KB
Treasury Report by the Treasury: Update on Post Acceleration Interest - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
183.61 KB
Treasury Report by the Treasury: South Canterbury Finance: Managed Receivership - 1 September 2010 - South Canterbury Finance Ltd Information Release
PDF
172.75 KB
Memo from KordaMentha to the Treasury: South Canterbury Finance Offer - 1 September 2010 - South Canterbury Finance Ltd Information Release
PDF
1.14 MB
Document by the Treasury: SCF [Retail Deposit Guarantee Scheme] Fees Paid to Date - [1 September 2010] - South Canterbury Finance Ltd Information Release
PDF
32.68 KB
Letter from an External Consultant to the Treasury: Proposal Relating to South Canterbury Finance Ltd - 1 September 2010 - South Canterbury Finance Ltd Information Release
PDF
194.63 KB
Email with Attachment(s) from the Treasury to the Treasury and the Office of the Minister of Finance: FW: South Canterbury Finance - Draft Announcement - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
106.9 KB
Email from the Treasury to the Office of the Minister of Finance: FW: Fact File - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
69.55 KB
Email from the Treasury to the Office of the Minister of Finance: Dairy Holdings Limited - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
54.25 KB
Letter from Trustees Executors Ltd to South Canterbury Finance: South Canterbury Finance Limited - Notice of Acceleration of Payment - 31 August 2010 - South Canterbury Finance Ltd Information Release
PDF
275.68 KB
Document by the Treasury: Recommendation for Retail Deposit Scheme Provision for the Year Ending June 2010 - [3 August 2010] - South Canterbury Finance Ltd Information Release
PDF
574.57 KB
Document by the Treasury: Retail Deposit Guarantee Scheme: Cashflow Projections for Investor Payout (including Post Acceleration Interest) and Receiver Distributions - [13 August 2010] - South Canterbury Finance Ltd Information Release
PDF
57.08 KB
Treasury Report by the Treasury: Reducing Post-Acceleration Interest Costs Under the Retail Deposit Guarantee Scheme - 13 August 2010 - South Canterbury Finance Ltd Information Release
PDF
217.75 KB
Document by the Treasury: Post Acceleration Interest [Issues] - [13 August 2010] - South Canterbury Finance Ltd Information Release
PDF
60.78 KB
Document by the Treasury: Comparison of Standard Payout with Full Payout - Financial Impacts - [12 August 2010] - South Canterbury Finance Ltd Information Release
PDF
42.46 KB
Document by the Treasury: [South Canterbury Finance Cash and Future Value of Distributions under Part Pay Via Loan] - [6 August 2010] - South Canterbury Finance Ltd Information Release
PDF
26.71 KB
Spreadsheet by the Treasury: [Analysis of SCF Options ii] - [5 August 2010] - South Canterbury Finance Ltd Information Release
PDF
54 KB
Letter from the Treasury to Trustees Executors Ltd: Crown Retail Deposit Guarantee Scheme - South Canterbury Finance Limited Trust Deed Dated 12 April 1976 (As Amended) - 4 August 2010 - South Canterbury Finance Ltd Information Release
PDF
295.75 KB
Treasury Report by the Treasury: South Canterbury Finance Limited (SCF) - Liquidity Support - 3 August 2010 - South Canterbury Finance Ltd Information Release
PDF
418.74 KB
Treasury Report by the Treasury: Retail Deposit Guarantee Scheme - Update and Timeline - 3 August 2010 - South Canterbury Finance Ltd Information Release
PDF
137.45 KB
Agreement between the Treasury and KordaMentha, McGrath Nicol & Partners (NZ) Ltd: [Draft Agreement for Register Audit Services] - [16 August 2010] - South Canterbury Finance Ltd Information Release
PDF
183.66 KB
File Note by the Treasury: [Status of South Canterbury Finance Ltd - RBNZ Update] - [3 August 2010] - South Canterbury Finance Ltd Information Release
PDF
22.03 KB
Letter from the Treasury to South Canterbury Finance: Crown Request for Information under Clauses 4.1 and 6.4 of the Crown Deed of Guarantee (Non-Bank Deposit Taker) - 2 August 2010 - South Canterbury Finance Ltd Information Release
PDF
57.21 KB
Email with Attachment(s) from Bell Gully to the Treasury: South Canterbury Finance Limited - Application for Nominated Beneficiary - 30 July 2010 - South Canterbury Finance Ltd Information Release
PDF
93.79 KB
Email with Attachment(s) from the Reserve Bank to the Treasury: SCF Liquidity Data - 29 July 2010 - South Canterbury Finance Ltd Information Release
PDF
79.06 KB
Letter from the Treasury to South Canterbury Finance: Crown Request for Information under clauses 4.1 and 6.4 of Crown Deed of Guarantee (Non-Bank Deposit Taker) - [29 July 2010] - South Canterbury Finance Ltd Information Release
PDF
53.59 KB
Letter from the Treasury to KordaMentha: Appointment of KordaMentha and McGrath Nicol as Inspectors under Clause 6.5 of the Crown Deed of Guarantee in Relation to South Canterbury Finance Limited - 27 July 2010 - South Canterbury Finance Ltd Information R
PDF
128.55 KB
Letter from the Treasury to South Canterbury Finance: South Canterbury Finance Limted (SCF) - 27 July 2010 - South Canterbury Finance Ltd Information Release
PDF
82.62 KB
File Note by the Treasury: [Treasury and Companies Office Meeting on SCF Held on 27 July 2010] - [27 July 2010] - South Canterbury Finance Ltd Information Release
PDF
25.71 KB
Document by the Treasury: Comparison of Standard Payout with Full Payout - Financial Impacts [for the Cabinet Paper] - [25 August 2010] - South Canterbury Finance Ltd Information Release
PDF
43.94 KB
Treasury Report by the Treasury: South Canterbury Finance: Recapitalisation Proposal - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
202.29 KB
Report from KordaMentha to the Treasury: South Canterbury Finance Limited - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
1.31 MB
Letter from Trustees Executors Ltd to the Treasury: Re: Retail Deposit Guarantee Scheme - South Canterbury Finance - Deed of Nomination - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
17.3 KB
Cabinet Minute by Cabinet Office: Meeting of Ad hoc Group of Ministers: Reducing Costs under the Crown Retail Deposit Guarantee Scheme - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
400.89 KB
Treasury Report by the Treasury: Cabinet Paper: Reducing Costs under the Crown Retail Deposit Guarantee Scheme - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
185.43 KB
Letter from the Treasury to South Canterbury Finance: [Crown Declining to Support Recapitalisation Proposal] - 26 August 2010 - South Canterbury Finance Ltd Information Release
PDF
56.25 KB
Email from the Office of the Minister of Finance to the Treasury: DGS Issue - 25 August 2010 - South Canterbury Finance Ltd Information Release
PDF
37.81 KB
Document by the Treasury: South Canterbury Finance: Post Acceleration Interest - [25 August 2010] - South Canterbury Finance Ltd Information Release
PDF
12.77 KB
Document by Standard & Poor's: Research Update: South Canterbury Finance Ltd [Rating Report] - [25 August 2010] - South Canterbury Finance Ltd Information Release
PDF
386.53 KB
Report from KordaMentha to the Treasury: South Canterbury Finance Limited - July 2010 - South Canterbury Finance Information Release
PDF
2.33 MB
Treasury Report by the Treasury: Treasury Report - SCF Resolution Options - 24 August 2010 - South Canterbury Finance Ltd Information Release
PDF
333.29 KB
Letter by the Treasury: [Appointment of a Consultant to Treasury in Relation to South Canterbury Finance Limited] - 23 August 2010 - South Canterbury Finance Ltd Information Release
PDF
186.31 KB
Email from the Treasury to the Treasury and the Office of the Minister of Finance: SCF - 20 August 2010 - South Canterbury Finance Ltd Information Release
PDF
49.38 KB
Document by the Treasury: [South Canterbury Finance] Resolution Options - [20 August 2010] - South Canterbury Finance Ltd Information Release
PDF
39.61 KB
Email with Attachment(s) by the Office of the Minister of Finance: FW South Canterbury Finance - [Proposal] Letter - 19 August 2010 - South Canterbury Finance Ltd Information Release
PDF
504.77 KB
Email from the Treasury to the Treasury and the Office of the Minister of Finance: SCF Update - 18 August 2010 - South Canterbury Finance Ltd Information Release
PDF
50.96 KB
Letter from the Treasury to KordaMentha, McGrath Nicol & Partners (NZ) Ltd: Appointment of KordaMentha and McGrath Nicol as Inspectors under Clause 6.5of the Crown Deed of Guarantee in Relation to South Canterbury Finance Limited - 17 August 2010 - South
PDF
200.92 KB
Email from the Treasury to the Office of the Minister of Finance: Re: Treasury Report: Reducing Post-Acceleration Interest Costs under the Retail Deposit Guarantee Scheme - 16 August 2010 - South Canterbury Finance Ltd Information Release
PDF
96.13 KB