7. Over last weekend they gave out the 800 numbers to 12 US districts. Each District has several numbers. Canada has three 800 numbers for their three districts. For the UK, there will be 800 numbers, although I don’t have the details yet.
8. On Tues. Feb. 20 our government transferred $196 billion dollars to fund exchanges.
9. Of the 8 million people who will exchange, 80%-90% of them have less than $10 million to exchange. They will not call a 800 number, but will go to their bank and exchange with a bank teller. If they have between $1 million and $10 million they can ask to exchange with a banker rather than a teller. With a banker they can negotiate their exchange and interest rates.
10. Your zip code will determine which district you are in. You need to exchange in the district you have lived in for the last 180 days.
11. When you call the 800 number they are going to ask you for your preferred bank with which you want to exchange. (Bruce: You can also ask to exchange at a Redemption Center with HSBC, where you can negotiate your exchange and interest rates).
12. Individual banks will have their own limits on how much $ they can exchange. (Bruce: HSBC does not have a limit or cap on your exchange).
13. On the Zim: you will be limited to exchanging up to $100 T Zim at your first exchange. At a later date, or dates, you could go back to exchange the rest.
14. A certain unknown percentage of the Internet Group will receive Contract Rates.
15. The bank screen rate that you exchange for would be the rate that shows on the Forex for that particular currency at the time of your exchange.
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