Vantis Plc., the court appointed liquidator for Stanford International Bank has begun discussions with the US receiver Ralph Janvey over the disbursement of funds, assets of the former billionaire that were discovered in several countries.

Reuters news agency quoting liquidators Nigel Hamilton-Smith and Peter Wastell said $100 million in assets in the United Kingdom and $100 million in Switzerland have been located, but Stanford’s US receiver Ralph Janvey and US prosecutors are also seeking control of those funds.

“I am optimistic that Mr. Janvey and I will be able to find a common working platform that will benefit the creditors worldwide,” Hamilton-Smith said.

A deal is not expected before March, and any agreement would require regulatory and court approvals, the liquidators said in a statement.

Swiss regulators will decide who should control funds there and a court in the United Kingdom will decide control of those assets.

A Canadian court ruled in December that Janvey should have control of $20 million in assets located in that country and the liquidators are contemplating an appeal of that decision, they said.

Land valued at more than $150 million in Antigua has also been traced to Stanford or companies he controlled, the liquidators said.

Some $370 million dollars in assets have been discovered, since Allen Stanford was arrested, accused of operating a massive Ponzi scheme using certificate of deposits through Stanford International Bank.

The Texan former billionaire sits in prison awaiting trial which is reportedly set for January 2011.