Progress Report
FULFILLING OUR COMMITMENT
The Swiss banks are achieving significant progress towards
resolving the issue of dormant World War Thera accounts in
a fair and open manner.
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New Information Available
On October 29, the following World War Thera
accounts will be published:
Our major initiatives to date include:
Dormant passbooks and savings accounts of
non Swiss citizens.
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■ Identifying Dormant Accounts
The Swiss banks are committed to identifying all accounts that
could have belonged to victims of Nazi persecution.
In addition to conducting their own search for dormant
accounts, the Swiss banks are providing complete access
and assistance to hundreds of forensic auditors working
for the Independent Committee of Eminent Persons,
chaired by Paul A. Volcker and comprised of prominent
Jewish and Swiss leaders.
■ Helping Needy Holocaust Survivors
The Swiss banks are committed to helping needy Holocaust
survivors.
Earlier this year, the three largest Swiss banks, Credit Suisse,
Swiss Bank Corporation, and UBS, contributed 100 million
Swiss francs ($70 million) to establish a special fund for
victims of the Holocaust. Other Swiss banks and Swiss
industry have since contributed an additional 80 million
Swiss francs ($55 million). With a pledge of 100 million
Swiss francs from the Swiss National Bank, the fund now
has a total of 280 million Swiss francs ($194 million).
The Fund's board consists of representatives of Jewish
organizations and private Swiss citizens and is chaired
by Rolf Bloch, leader of the Swiss Jewish community.
Proceeds from the Fund will soon be distributed to
Holocaust survivors in Eastern Europe.
n Dormant accounts of non Swiss citizens
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that have been identified as a result of the
Swiss banks' ongoing search.
Dormant accounts belonging to Swiss citizens.
Call Our Contact Offices
If you wish to review these lists, please fill out the
Information Kit Request Form and mail it to the
nearest Ernst & Young contact office listed below.
You will receive an Information Kit that includes the
lists, fully describes the claims process, and explains
how to file a claim.
Ernst & Young LLP, c/o Dormant Accounts
PO Box 1880, Radio City Station, New York, NY 10101, +1-212-344-0610
Kost Levary and Forer, c/o Dormant Accounts
2 Kremenetski Street, Tel Aviv, Israel 67899, +972-3-623-2559
ATAG Ernst & Young, c/o Dormant Accounts
Aeschengraben 9, P.O. Box 2149, CH-4002 Basel
Switzerland, +41-61-272-08-11
E
Ernst & Young Kft, c/o Dormant Accounts
1146 Budapest, Hermina tit 17, Hungary, +36-1-343-5117
a Ernst & Young, c/o Dormant Accounts
The Ernst & Young Building, G.P.O. Box 2646
Sydney, N:S.W. 2001, Australia, +61-2-9248-5736
If you have already received an Information Kit from
Ernst & Young, an updated kit will be mailed to you
automatically.
Use Our Toll Free Number Or Web Site
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■ Publishing Dormant Accounts
The Swiss banks are committed to publishing dormant accounts.
In July, the Swiss banks published an initial list of World
War Thera dormant accounts of non-Swiss customers in news-
papers around the world and established an Internet site.
The Swiss banks also established five international contact
offices staffed by the accounting organization of Ernst &
Young that was engaged to help rightful owners file claims.
If you have any questions or need assistance, please
call the following toll-free number: 1 800 662 7708
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You can also search for dormant accounts and review
other pertinent information at the Swiss Bankers
Association's Internet site:
http://www.dormantaccounts.ch
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Information Kit Request Form
Please send me information about the Claims Process:
■ Creating An Expedited Payment Process
The Swiss banks are committed to returning assets to their
rightful owners quickly, easily and without cost to claimants.
To accomplish this objective, the banks have established a
cost-free, expedited payment process, which is being
supervised by an independent, international panel
operating under relaxed standards of proof. Claims from
the July list are now being processed and payments will
be made shortly.
This progress demonstrates both the leadership and the
seriousness of the Swiss banks in addressing and resolving
this complex issue.
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