Types of compensation
The compensation is intended for the holders of SNS REAAL and SNS Bank subordinated bonds, certain holders of unlisted subordinated bonds, issued by SNS Bank under the name ‘SNS Participatie Certificaten 3’ and the holders of certain loans that were expropriated as a result of the nationalisation of SNS REAAL and SNS Bank on 1 February 2013. The Enterprise Chamber of the Amsterdam Court of Appeal has determined the value of the expropriated securities and capital components of SNS Bank and SNS REAAL as of 1 February 2013 as follows. On this website you can also find an overview of the ISIN and technical codes that are relevant to the expropriated bond holders, the outstanding nominal amounts as of 1 February 2013 and the corresponding compensation sums.
The value of any compensation depends on the overall value of the expropriated bonds, the unlisted subordinated bonds, issued by SNS Bank under the name ‘SNS Participatie Certificaten 3’ or the loans based on which a claim for compensation is made. This (overall) sum will be raised to include the legally stipulated interest as of 1 February 2013 (the time of expropriation) until the date on which the compensation is disbursed. On this website you can find an example calculation.
Subordinated bonds
| SNS Reaal subordinated bonds (6.258%) |
€ 168.900.000 |
| SNS Reaal subordinated bonds (8.45%) |
€ 50.100.000 |
| SNS Bank subordinated bonds (11.25%) |
€ 244.900.000 |
| SNS Bank subordinated bonds (5.75%) |
€ 8.500.000 |
| SNS Bank subordinated bonds (6.25%) |
€ 204.400.000 |
| SNS Bank subordinated bonds (6,625%) |
€ 29.000.000 |
| €5 million 4.238% Floating Rate SNS Bank subordinated bonds |
€ 3.900.000 |
‘Participatie Certificaten’
| ‘SNS Participatie Certificaten serie 3’ |
€ 51.000.000 |
Loans
| the Van Doorn loan of 2000-2020 (7.13%) |
€ 13.300.000 |
| the Van Doorn loan of 2000-2020 (7.10%) |
€ 7.100.000 |
| the Stichting loan of 1997-2014 |
€ 14.400.000 |
| the Poseidon loan of 1999-2019 |
€ 310.000 |
| the OHRA Stichting loan of 1999-2024 |
€ 9.000.000 |
Shares
| ordinary shares in SNS Reaal |
€ 0 |
| ordinary Category B shares in SNS Reaal |
€ 0 |
| Stichting Beheer SNS Reaal Core Tier 1 securities |
€ 0 |
You may find more information about the application procedure on the Applications page.
