Pay attention! The deadline for submitting an application for compensation through the procedures on this website has passed. The information on this website regarding the application procedures is therefore no longer applicable. Are you the holder of expropriated subordinated bonds or Series 3 Participation Certificates and have you not yet submitted an application? This is still possible. You can submit an application via the Consignment Office of the Ministry of Finance (see Applications).
If you cannot receive information through the giro system about how to apply for compensation (e.g., because you no longer have a securities account or in case you have acquired one or more claims based on the expropriation of SNS REAAL and SNS Bank subordinated bonds from another person or organisation by means of an assignment since 1 March 2013), you should follow the so-called non-giro application procedure. You may also submit a claim through the non-giro application procedure if you have not traded your claim since 1 March 2013 but are mentioned in any of the following sanctions lists: the NL, EU or UN sanctions list, the FATF grey list or the FATF blacklist.
You can access the non-giro application portal via the following link.
Procedure in general
You may start the non-giro application procedure by applying for compensation via the application portal on this website (see above). When applying, you will be asked for proof and to provide an accompanying explanation referring to the relevant evidence if required. The information that you will be required to supply is listed below. The application procedure on this website distinguishes between applications from natural persons and from legal entities.
The following documents are sought from a natural person (private individual):
a copy of proof of your identity (only the front and you are asked to redact your citizen service number (BSN) and passport photograph);
a bank statement no older than three months. We recommend that you redact all irrelevant information (such as amounts, third-party personal data and account details and so forth);
where the application is submitted by another person, a signed power of attorney and a copy of proof of the identity (only the front and you are asked to redact your citizen service number (BSN) and passport photograph) of both the relevant rightsholder and applicant, and the authorised representative. the authentication of any signatures as well in the case of a foreign power of attorney;
In case you have acquired one or more claims based on the expropriation of SNS REAAL and SNS Bank subordinated bonds from another person or organisation by means of an assignment:
a copy of a legally valid deed of assignment;
a copy of a notice of assignment to the State;
proof of documentation from which it may be deduced that the seller held the relevant legal rights until the assignment. For example, this may be a screenshot of the investment account of the seller (first assigner) which clearly reveals that they are the legal owner of the items that have been sold, a transaction confirmation notice issued by the broker of the first assigner, documentation of prior assignments (a deed of assignment, an assignment agreement, a notice of an assignment, a broker’s notice of confirmation and so forth);
all of the documents in your possession which reveal that the claim was lawfully assigned, such as the underlying transaction agreements and deeds of assignment;
all information concerning any previous assignments where a bond has been assigned on multiple occasions;
the deeds revealing that you are the lawful owner of the relevant bond(s), if you have obtained it or them as a gift or part of an inheritance;
certified translations of any documents that have not been drawn up in Dutch or English. A translation must include the translator's official stamp and signature.
The following documents are sought from a legal entity:
an extract from the commercial register;
proof of a power of attorney;
a copy of proof of the identity (only the front and you are asked to redact your citizen service number (BSN) and passport photograph) of the authorised signatory of the deed(s) of assignment;
a copy of proof of your identity (only the front and you are asked to redact your citizen service number (BSN) and passport photograph);
where the application is submitted by another person, a signed power of attorney and a copy of proof of the identity (only the front and you are asked to redact your citizen service number (BSN) and passport photograph) of both the relevant applicant and the authorised representative; the authentication of any signature as well in the case of a foreign power of attorney;
In case you have acquired one or more claims based on the expropriation of SNS REAAL and SNS Bank subordinated bonds from another person or organisation by means of an assignment:
a copy of the lawful deed of assignment;
a copy of a notice of assignment to the State;
a bank statement no older than three months. We recommend that you redact all irrelevant information (such as amounts, third-party personal data and account details and so forth);
proof of documentation from which it may be deduced that the seller (assigner) held the relevant legal rights until the assignment. For example, this may be a screenshot of the investment account of the seller (first assigner) which clearly reveals that they are the legal owner of the items that have been sold, a transaction confirmation notice issued by the broker of the first assigner, documentation of prior assignments (a deed of assignment, an assignment agreement, a notice of an assignment, a broker’s notice of confirmation and so forth);
all of the documents in your possession which reveal that the claim was lawfully assigned within the giro system, such as the underlying transaction agreements and deeds of assignment;
certified translations of any documents that have not been drawn up in Dutch or English. A translation must include the translator's official stamp and signature.
Important: If you follow this procedure because you cannot apply through the giro application procedure, for example because you no longer have a securities account, you should be able to demonstrate you are the current and sole owner of expropriated SNS REAAL or SNS Bank subordinated bonds. You can best demonstrate this by requesting a recent Statement of Account (STAC) from your custodian. The STAC should demonstrate ownership (Ultimate Beneficial Owner) AT 15 May 2023 and should include at least your name, the relevant bonds (ISIN/technical codes), nominal amount and a date.
