FIDE Finances

[Wayne Komer]

FIDE's Finances

FIDE Finances

May 24, 2018

I am really lost as to what Nigel wants after this tweet this morning. So is the Treasurer.

“To Treasurer, Adrian Siegel. 1) When exactly did the Presidential Board approve of the transfer of @FIDE_chess funds after @UBS bank closure? 2) Was the entire PB informed, including independents like @MagnusCarlsen & political opponents like Ncube? 3) If not, why not?”


FIDE Letterhead

Zug, May 24, 2018

To: All National Chess Federations, members of FIDE

Dear chess friends

Although detailed information was published, Mr. Short still continues to question the handling of FIDE’s money. Now he wonders whether the current World Champion, Magnus Carlsen, and the President of the African Chess Federation, Lewis Ncube, have also received the Board Resolution regarding the approval of the new accounts.

Of course, I am very surprised by Mr. Short’s questions which reflect once again a complete lack of knowledge. These false allegations are also a striking example how people use tweets without first getting any background information. This notorious search for a putative mistake has the smack of querulent behavior.

I can assure the really interested chess friends that all members of the Presidential Board have been asked to approve the use of our new accounts. Only Kirsan Ilyumzhinov was not asked for approval since he is no longer involved in any decision regarding FIDE.

Now, with all due respect, I take the liberty to bring this silly game to an end. Neither one question from Mr. Short has brought up a serious issue nor does it belong to the Treasurer’s duties to answer Mr. Short on a daily basis.

From now on I will not comment on any of these untenable accusations of a candidate who is only looking for a public platform. From a presidential candidate another attitude would be expected.

Sincerely yours

(signature)

Prof. Dr. Adrian M. Siegel
FIDE Treasurer

http://fide.com/component/content/ar...rs-letter.html

[Vlad Drkulec]

Re: hedge your bet in this one

This is why I initially argued that GM Short was the attack dog ("bad cop") and Macro was the "bon cop". This is a US story after all and they suffer from an interminable lack of imagination. The United States of Stupid and all that. However, Macropoulos made a statement, on GM Spraggett's site, that Short's candidacy would help Kirsan.

Who you gonna believe? As you said elsewhere, it's going to be a hot summer....

Maybe not so hot.

Mr. Short probably does not help or hurt either candidate. He may eat into Kirsan's support on the African continent as he has been very active there but that is unclear. The CFC has been contacted by one candidate directly, by another indirectly as mentioned on the CFC forums and not by the third.

[Egidijus Zeromskis]

Re: hedge your bet in this one

However, Macropoulos made a statement, on GM Spraggett's site, that Short's candidacy would help Kirsan.

The best place to make solid statements LOL

[Nigel Hanrahan]

hedge your bet in this one

Nigel Short is not doing his candidacy any favours complaining about this. The bank closes the account and you take your money elsewhere. FIDE has been fairly transparent in this and keeping the member federations informed of their actions.

This is why I initially argued that GM Short was the attack dog ("bad cop") and Macro was the "bon cop". This is a US story after all and they suffer from an interminable lack of imagination. The United States of Stupid and all that. However, Macropoulos made a statement, on GM Spraggett's site, that Short's candidacy would help Kirsan.

Who you gonna believe? As you said elsewhere, it's going to be a hot summer....

[Kerry Liles]

Re: FIDE Finances

I found strange that a such big organization have no legal way to kick its president out other than regular elections.

FIDE may be a "global" organization but I am not sure it is "big" ... seems that there are not a lot of employees and the 'management' org chart seems to be obscure :)

[Egidijus Zeromskis]

Re: FIDE Finances

I found strange that a such big organization have no legal way to kick its president out other than regular elections.

[Steve Douglas]

Re: FIDE Finances

FIDE Finances

May 22, 2018

Another day, another letter from the FIDE Treasurer. Nigel Short is again invited to drop into FIDE’s Athens office although he has been away at the Kolkata Tournament most of May.

FIDE letterhead

Zug, May 22, 2018

To: All National Chess Federations, members of FIDE

Dear chess friends,

In recent days, Nigel Short made several unjustifiable allegations concerning the transfer of FIDE’s money away from UBS. Since full transparency is in the interests of FIDE, this information is for all members and federations and is published openly.

But firstly, I would like to put on the record my disappointment with Nigel Short’s very public and insulting behaviour towards me, mentioning possible illegal and unconstitutional actions. As Treasurer, my major concern and my priority is dealing with the problems caused by Kirsan Ilyumzhinov’s continuing refusal to act in FIDE’s best interests and stand down as President.

It is unfair to accuse the current FIDE administration of causing the financial problems as it is plain to see they are the direct result of the sanctioning of Kirsan Ilyumzhinov.

Nigel Short questioned whether the transfer of FIDE’s money was approved by the Presidential Board or the Executive Board. Even the question betrays a complete lack of understanding of the situation. As soon as the funds were unfrozen, we took action to transfer them the same day to avoid the real risk of the funds being frozen again.

I can assure all members of FIDE that I asked for approval by the Presidential Board to engage the financial institutions that hold our funds. Without that approval I would not have done so. For the record, the Presidential Board gave its approval without any opposing votes.

Due diligence of the receiving financial institution was conducted by our lawyers here in Switzerland. Instead of repeating baseless accusations, it would be interesting to hear a practicable alternative Nigel Short could come up within one week to safeguard our funds. The transfer of Fide’s money was clearly in line with FIDE’s statues and our financial regulations of which the presidential candidate Nigel Short seems to be unaware.

Nigel Short has demanded that the Athens office sends the scanned contracts with the trust companies we have engaged to him by email so that he can ‘examine’ them. I am not in the habit of sending important contracts by email ‘on demand’, even to a candidate for President. It presents too great a security risk and sets a very bad precedent.

However, again in the spirit of total transparency, and according Nigel Short the respect he has sadly not given me, I invite Nigel Short to make an appointment with the FIDE office in Athens (his home city) to read the contracts in person and satisfy himself that the funds are safe and with a reputable institution.

Finally, I hope that Nigel Short’s outbursts do not set the tone for a ‘dirty’ campaign – throwing mud at every opportunity. I remind Nigel Short and member nations that despite the problems, the FIDE finances are in much better shape since Kirsan Ilyumzhinov was stripped of executive authority.

Sincerely yours,

(signature)

Prof. Dr. Adrian M. Siegel
FIDE Treasurer

Thanks for taking the time to edit the title of your post. But it looks like you were two minutes too late.

Steve

[Vlad Drkulec]

Re: FIDE finances

Nigel Short is not doing his candidacy any favours complaining about this. The bank closes the account and you take your money elsewhere. FIDE has been fairly transparent in this and keeping the member federations informed of their actions.

[Wayne Komer]

FIDE Finances

FIDE Finances

May 22, 2018

Another day, another letter from the FIDE Treasurer. Nigel Short is again invited to drop into FIDE’s Athens office although he has been away at the Kolkata Tournament most of May.

FIDE letterhead

Zug, May 22, 2018

To: All National Chess Federations, members of FIDE

Dear chess friends,

In recent days, Nigel Short made several unjustifiable allegations concerning the transfer of FIDE’s money away from UBS. Since full transparency is in the interests of FIDE, this information is for all members and federations and is published openly.

But firstly, I would like to put on the record my disappointment with Nigel Short’s very public and insulting behaviour towards me, mentioning possible illegal and unconstitutional actions. As Treasurer, my major concern and my priority is dealing with the problems caused by Kirsan Ilyumzhinov’s continuing refusal to act in FIDE’s best interests and stand down as President.

It is unfair to accuse the current FIDE administration of causing the financial problems as it is plain to see they are the direct result of the sanctioning of Kirsan Ilyumzhinov.

Nigel Short questioned whether the transfer of FIDE’s money was approved by the Presidential Board or the Executive Board. Even the question betrays a complete lack of understanding of the situation. As soon as the funds were unfrozen, we took action to transfer them the same day to avoid the real risk of the funds being frozen again.

I can assure all members of FIDE that I asked for approval by the Presidential Board to engage the financial institutions that hold our funds. Without that approval I would not have done so. For the record, the Presidential Board gave its approval without any opposing votes.

Due diligence of the receiving financial institution was conducted by our lawyers here in Switzerland. Instead of repeating baseless accusations, it would be interesting to hear a practicable alternative Nigel Short could come up within one week to safeguard our funds. The transfer of Fide’s money was clearly in line with FIDE’s statues and our financial regulations of which the presidential candidate Nigel Short seems to be unaware.

Nigel Short has demanded that the Athens office sends the scanned contracts with the trust companies we have engaged to him by email so that he can ‘examine’ them. I am not in the habit of sending important contracts by email ‘on demand’, even to a candidate for President. It presents too great a security risk and sets a very bad precedent.

However, again in the spirit of total transparency, and according Nigel Short the respect he has sadly not given me, I invite Nigel Short to make an appointment with the FIDE office in Athens (his home city) to read the contracts in person and satisfy himself that the funds are safe and with a reputable institution.

Finally, I hope that Nigel Short’s outbursts do not set the tone for a ‘dirty’ campaign – throwing mud at every opportunity. I remind Nigel Short and member nations that despite the problems, the FIDE finances are in much better shape since Kirsan Ilyumzhinov was stripped of executive authority.

Sincerely yours,

(signature)

Prof. Dr. Adrian M. Siegel
FIDE Treasurer

[Nigel Hanrahan]

the nefarious actions of the US Treasury Department

Some background information which I already provided on another thread seems very pertinent here. In particular, the history of the US Treasury Department since 9-11, the possible interference in the global SWIFT banking system, and so on, all of which is relevant to the US persecution/prosecution of Kirsan Ilyumzhinov.

The Economist has a piece from May 5 behind their paywall but a relevant quote is here.

1. "Everything changed after September 11th 2001. American officials realised they could use data and financial flows as a weapon, according to Juan Zarate, a former official, in his memoir “Treasury’s War”. The Patriot Act in 2001 allowed the Treasury to label foreign banks as threats to financial integrity and to ban them from the system for clearing dollar payments."

9-11 has allowed the US regime to weaponize data and financial flows. Kirsan is only one of many victims here.

2. "In 2001-03 America won the right to peer into SWIFT, a formerly confidential global bank messaging system. Suddenly America could track its enemies. And it could make them radioactive to most counterparties, because any bank that touched them, even indirectly and with multiple degrees of separation, could be banned from clearing in dollars—which, if you run a cross-border bank, is fatal.

Between 2002 and 2008 the Treasury experimented with small fry. It brought to heel Victor Bout, an arms dealer; BDA, a bank in Macau that traded with North Korea; and Nauru, a Pacific island with a sideline in exotic finance. Since 2008 Western banks have been fined for breaking rules in the past, but not banned from dollar clearing. More recently Iran and Syria have faced new sanctions but they have few links with the global economy.

Last month, the stakes were raised. At the end of 2017 Rusal was one of the world’s largest aluminium producers, with an enterprise value of $18bn, controlled by Oleg Deripaska, an oligarch close to Vladimir Putin. Kapow! In April it was sanctioned as part of a package of measures against Russia. Rusal’s links to America are slight. It makes 14% of its sales there, does not typically use American banks and is listed in Hong Kong and Moscow (a related company, EN+, is listed in London).

The consequences have still been devastating."

It could well be argued that these are simply acts of war by the US government.

3. The Economist waters it down, but suggests, in a wimpy way, that such weapons "could be used" for political ends. lol. Of course, they already have.

4. This is critical and is along the lines of what I've argued [elsewhere].

The third conclusion is that other countries will develop ways to escape America’s reach. ZTE and Rusal offer a step-by-step guide to what you need to survive without American permission: semiconductors, a global currency and clearing system, credit-ratings agencies, commodity exchanges, a pool of domestic investors and shipping firms. These are all things that China is working on. America’s use of its new weapons simultaneously demonstrates its power and will hasten its relative decline.

(all quotes above from The Economist behind their paywall over here.]

...............................................

I mentioned as well that the Chinese government has started selling futures in crude oil. This relates to how fast the US decline will be and not its general and inexorable direction.

For the time being, then, the US regime seems to be able to get away with what can be called a kind of international brigandage. The Treasury Department mandate flows from anti-terrorism laws - laws which have to do with vaguely defined "National Security" fictions - which lifts the covers just enough to expose the fairy tale around one Kirsan Ilyumzhinov.

[Wayne Komer]

Re: FIDE Finances

FIDE Finances

May 14, 2018

To get an idea of the money coming in to FIDE each year, look at:

Financial Regulations

https://www.fide.com/fide/handbook.h...&view=category

The annual statement of income and expenses for 2015 can be seen at:

https://www.fide.com/images/stories/...16/Annex_1.pdf

Peter Doggers wrote an article on these financial accounts for 2015 at:

https://www.chess.com/news/view/is-f...-bankrupt-3846

Part of what he wrote in the article:

Is FIDE Going Bankrupt?

Chess Event Coverage

The financial accounts for 2015 show an alarming decrease of the World Chess Federation's assets. An extensive reform of FIDE's internal structure seems inevitable to guarantee a healthy continuity.

As part of the agenda for the upcoming General Assembly in September in Baku, FIDE has published its financial statement of income & expenses for 2015. The figures show that its reserve fund has decreased from €1,287,551 to €332,343, a staggering decrease of 74 percent. The federation spent €955,208 more than it earned last year. Something similar happened in 2014, when FIDE's funds decreased from €2,011,156 to €1,287,551.

In 2015 FIDE suffered a big blow with its securities. The value of its UBS investments fell from €623,271 to €152,099 in one year, suggesting that the federation decided to sell securities but did not meet the desired result.

Although the total income of €2,030,703 is higher than the budgeted €1,870,000, some posts have generated less income than expected. For example, entry fees, money that comes in from participants who play tournaments (e.g. the World Juniors), have generated €102,790 less than budgeted.

Furthermore, although budgeted €55,000, no money was generated from the World Rapid & Blitz Championship in Berlin. The regulations stated that Agon, the company that organized the event, should have transferred 20 percent of prize money (U.S. $80,000) to the FIDE bank account.

Overspending

The total expenses for 2015 were €2,985,910, but they were budgeted at €2,260,500. Below are the largest examples of overspending on budgets:

FIDE's legal costs were an astounding €183,883 compared to the budget of €30,000. This was partly related to the CAS case against Silvio Danailov.

The travel costs of FIDE President Kirsan Ilyumzhinov were €183,284, but they were budgeted at €120,000.

The World Championship and Olympiad Commission (WCOC) spent €63,763 (mostly travel costs) which wasn't budgeted.

Journalists awards went as high as €46,910 and were not budgeted. This involved two prizes given to Russian journalist Sergey Makarychev and Norwegian TV channel NRK.

FIDE covered the unbudgeted travel costs for delegates from South Korea traveling to the 2015 FIDE Congress in Abu Dhabi for €24,871.

Verification Commission

A rule of thumb is that an organization should have about 20 percent of its balance total as assets, which is only just the case for FIDE. The federation needs to stop over-spending or else it will get into serious trouble.

This was also noted by Graham Boxall, the Chairman of FIDE's Verification Committee. In his June 2016 report he writes: "We should also mention here that the majority of the debts to FIDE are those related to commitments due by our President. If the differences between the figures in 2013, 2014 and 2015 were to represent a continuing trend, FIDE's financial position would quickly become very difficult indeed."

Boxall also noted that much of the cash flow problems are caused by organizers of important events who fail to comply with their payment obligations to FIDE. Besides the aforementioned World Rapid & Blitz in Berlin, examples are the Mariya Muzychuk vs Hou Yifan World Championship in Ukraine, and the forthcoming Olympiad in Baku. “In both cases FIDE was left without receipt of contractual payments,” writes Boxall.

Even when organizations do comply, sometimes it is with big delays. "Tournaments can pay three to four months late, sometimes even more," said Siegel, "and that can lead to cash flow problems." Siegel suggested penalties should be enforced, but said that the Presidential Board members didn't want this, fearing that no organizer would be interested anymore. Siegel: "I am afraid that this is true. But at the same time, it's not how it works in the real world."

The whole article is well worth reading.

[Larry Bevand]

Re: FIDE Finances

Hi Wayne,

Thanks for keeping us informed about this.

Any organization that can produce a surplus of about 2 million dollars (Canadian) in the last two years of operation, can't be doing that badly. Yes I know, they have issues to tackle.

Does anyone know the net worth of FIDE?

Larry

[Wayne Komer]

Re: FIDE Finances

FIDE Finances

May 13, 2018

FIDE Treasurer’s Letter posted Sunday, May 13 at:

http://fide.com/component/content/ar...rs-letter.html

FIDE Letterhead

Zug, May 12, 2018

To: All National Chess Federations, members of FIDE

Dear chess friends,

As you already know, UBS has closed FIDE’s bank accounts in Switzerland. During the recent meeting of the FIDE board in Minsk, it was agreed that the Executive should try to find solutions regarding FIDE’s funds were UBS to enforce their decision (which they finally did on April 30^th).

Today, we are in a position to announce that FIDE has opened temporary fiduciary accounts with Kei Trading Services Ltd (Hong Kong) and Arkion SA (Switzerland). After UBS froze our money for three days, FIDE’s money was transferred on May 4^th. As previously informed, there was no alternative because UBS made it clear that they (were) no longer prepared to provide banking facilities.

The transactions were handled in their entirety by our Swiss lawyers and at no stage were the funds at risk. Although the transfer was completed under the supervision of our lawyers on May 4^th, the contracts were only finalized a few days later as signatories were in different countries.

The Presidential Board has decided that the fiduciary accounts mentioned above will be operated by FIDE’s treasurer and FIDE’s Executive Director signing jointly.

In a recent question addressed to me by Nigel Short I was asked “how the current arrangement meets the legal, KYC and compliance standards of the institute” (KYC, know your customer). I would refer Nigel to the Head of the Compliance at the trust companies. Further information on the trust companies assisting FIDE is readily obtainable online.

Until we are in a position to open a regular bank account in Europe, a task which as become increasingly difficult due to the US sanctions imposed on Kirsan Ilyumzhinov, these fiduciary accounts will be used to hold FIDE assets safely.

At this time, it should be obvious to all who have FIDE’s interests at heart that unsubstantiated speculation and false statements regarding FIDE’s finances do not help the objective of reinstating FIDE into the international banking system. We hope that the intentions of those spreading such rumours is not to create problems for FIDE’s daily operations in the period before elections. We ask that low-level campaign tactics from candidates for FIDE office cease and we are confident the vast majority of national chess federations support our efforts.

In addition, in the spirit of complete transparency, I would like to invite Nigel Short to make an appointment to visit the FIDE office in Athens (where Nigel lives) so that he can inspect the documents and satisfy himself all is in order.

Sincerely yours,

Prof. Dr. Adrian M. Siegel
FIDE Treasurer

[Wayne Komer]

FIDE Finances

FIDE Finances

May 13, 2018

Letter from Nigel Short to the FIDE Treasurer:

10^thMay, 2018

Dear Professor Adrian Siegel,

I have taken note of the contents of your FIDE Treasurer’s letter of 9^thMay 2018 as posted on the FIDE website. You asked for a serious discussion on the matter, so in this spirit I would like to ask the following specific questions, so that the chess world can get clarity as to how FIDE is in fact handling it.

The specific questions I would like to ask are as follows:

1. Your letter makes it clear that the FIDE funds were transferred from the UBS account on the 4^thMay 2018. Please advise

a. Where the funds have physically been sent?

b. The name of the bank or financial institution that is currently holding the funds as well as the country where this entity is domiciled?

2. You mention that a trust company is involved. Kindly advise

a. What is the structure of the new entity that currently controls FIDE’s funds?

b. If the funds are held by a Trust company, as alluded to in your letter, please provide the names of the trustees and advise where the controlling Trust company is legal domiciled?

3. Please advise if the above transaction was approved in any way by either the FIDE Executive board or the FIDE Presidential Board?

a. If yes, please advise when this approval was sought and granted?

b. If no, please confirm the names or identify the body or group of individuals who are legally responsible for FIDE’s decision to transfer the funds from the UBS account to the entity above?

4. Please explain how the current arrangement meets the legal, KYC and compliance standards of the institute that has accepted the funds (where more than 20+ reputable global banks have previously refused to open an account for the purpose of receiving the same payment)?

5. By your own admission, the funds were transferred from the UBS account on 4^thMay 2018. Your published letter states however that the contract was only signed on 9^thMay with the Trust Company. Please therefore explain how and why FIDE funds were transferred out of the UBS account without any contract being in place between FIDE and the receiving entity?

Answers to the questions above would bring much needed clarity to the members, presidents and chairpersons to whom your published letter is addressed, as well as to the members of the global chess community in whose interests FIDE is expected to act.

Election politics aside, the chess world deserves a straight answer to the questions posed above.

Regards
GM Nigel Short
FIDE Presidential Candidate,

Athens, Greece

https://twitter.com/nigelshortchess?...Ctwgr%5Eauthor


(The reply to this letter is in the next posting)

[Sid Belzberg]

Re: Show us the original letter, Mr. Treasurer! If there is one!

Canadian GM Kevin Spraggett has weighed in on this issue. And, from what Spraggett notes, it sure seems like most of this thread is simply re-gurgitated animal droppings. lol.

FIDE caught lying about UBS closure !!



See http://www.spraggettonchess.com/fide-caught-lying/

Supplemental: Kirsan takes his gloves off!

A word of caution here. Spraggett's articles are worth taking a look at, but his weblog is practically pornographic with photos of nude women, etc., so be warned.

In the second article FIDE Treasurer Siegel replies to the purported issues Kirsan alleges. Looks to me like Siegel's initial letter is accurate. FIDE is clearly damaged almost beyond repair.

Adrian Siegel wrote:
"Following my letter dated February 12, 2018, several questions and rumors have come up. In particular, complete misunderstanding has been seen among journalists. Therefore, the most common questions and rumors shall be addressed below in order to set the records straight:

� Is FIDE or Kirsan Ilyumzhinov on the sanction list of the U.S. Department of the Treasury?

It is not comprehensible at all that the rumor has come up that FIDE might be on the sanction list. In the letter of February 12, this was clearly written.

The sports association FIDE was never on the sanction list of the U.S. Department of the Treasury.

On the contrary, Kirsan Ilyumzhinov as private person is on the sanction list of the U.S. Department of the Treasury.

Of course, we can�t avoid that some companies (potential sponsors) or some private persons do not distinguish among this fact and just say �if the president of FIDE is on the sanction list then the entire FIDE is on this list�.


� Are FIDE�s accounts frozen?

In the letter dated February 12, 2018, it was clearly written that the Swiss bank UBS will close our accounts but it has not been said that our accounts are or will be frozen. Our accounts are not frozen at all and FIDE is completely functional with its finances.


� Is FIDE bankrupt?

This is another claim without basis. In 2016, Fide has made a surplus of around 850,000 euros and in 2017 FIDE had another surplus of around 500,000 euros. Moreover, FIDE�s assets could have been substantially augmented again. Therefore, allegations of bankruptcy have to be seen as cheap propaganda.


� How can Kirsan Ilyumshinov �damage� FIDE if he has withdrawn from �any legal, financial and business operations of FIDE�?

As it was written in the letter dated February 12, 2018, FIDE�s Presidential Board decided on December 6, 2015, that Kirsan Ilyumzhinov withdraws from �any legal, financial and business operations of FIDE�. Hereby, there was made a strong statement in order to show that FIDE is not involved in Kirsan Ilyumzhinov�s private business at all and this message has been forwarded to our bank as well. However, despite this clear decision of the Presidential Board (with acceptance by Kirsan Ilyumzhinov) in the following months Kirsan Ilyumzhinov travelled around the world and repeatedly stated that he is still fully in charge in FIDE. Of course, hereby others became confused and wondered whether Kirsan Ilyumzhinov had withdrawn from legal, financial and operational functions or he remained in his previous complete functions. Therefore, the decision of December 6, 2015, has been repeatedly renewed by the Presidential Board but the problem remained.


� Why doesn�t FIDE just remove Kirsan Ilyumzhinov from his presidency?

In FIDE�s statute this option is not given. Thus, a president remains in his/her position for the entire elected term. This means, if an elected person does not want to resign from his/her position it is very difficult to handle such a problem.

However, to protect FIDE the Presidential Board went as far as the statute allows (see above).


� Isn�t the letter of February 12, 2018, just a maneuver prior to the election in September 2018?

Not at all. It isn�t comprehensible how an independent Swiss bank should have been pressed for a decision. Moreover, since FIDE is facing technical problems for payments without an account no one has any interest in this process of the UBS. The closure of the accounts is a fact made by the bank and not by us. Thus, this is definitely not a pre-election maneuver.


I hope that it was possible to address sufficiently the questions and baseless rumors. Indeed, FIDE faces a problem due to the presence of Kirsan Ilyumzhinov on the sanction list of the U.S. Department of the Treasury. The main effort of FIDE has now to be that it has not to suffer from any personal problems. I can assure you that the treasurer and the office in Athens are working hard to find a good solution for FIDE.


Sincerely yours



Prof. Dr. Adrian M. Siegel FIDE Treasurer[/quote}
https://www.ecforum.org.uk/viewtopic.php?f=2&t=9530&start=45#p211432"