SVB Holdings PLC has announced that the syndicates managed by its subsidiary - SVB Syndicates Limited - have deposited $96.2m (£67.9m) in the US Situs Trust Funds.
This additional amount was required because of the 31 December 2001 syndicate gross reserving exercise.
A further amount of $26.04m (£18.4m) is required to be lodged at 27 March 2002. The board of SVB Holdings said they anticipate this amount will be lodged as required on that date.
