Deposit Guarantors Finance Government
Deposit Guarantors Finance Government
In many jurisdictions retail deposits with banks are guaranteed by one of the government, a government-backed or a government-endorsed entity. Sometimes these deposit guarantors, also known as deposit insurers, fund themselves with a levy on banks. If the deposit guarantor is not the central bank, the finance ministry, or the government's debt office, it should be listed here.
Top: Society: Government: Finance: Deposit Guarantors
See Also:
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Bulgaria - Deposit Insurance Fund - Undertakes to pay in full the deposit amounts of legal entities and physical persons up to BGN 15,000.
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Albania - Deposit Insurance Agency - Includes a list of insured banks, and other information in Albanian.
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Sweden - Insättningsgaratinämnden - The Deposit Guarantee Board covers deposits in banks and in securities firms up to SEK 250,000 for each client.
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Japan - Deposit Insurance Corporation of Japan - Guarantees up to a maximum principal of ¥10 million per depositor per financial institution, plus interest. For current deposits, until end March 2005, the full amount is protected.
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Korea Deposit Insurance Corporation - Protects principal and interest of insured deposits up to KRW 50,000,000.
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Argentina - SEDESA - Seguro de Depósitos Sociedad Anónima, which administers as trustee the Deposit Guarantee Fund.
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Taiwan - Central Deposit Insurance Corporation - Site has some statistics relating to insured deposits, and more information in Chinese.
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Slovakia - Deposit Protection Fund - The fond ochrany vkladov, providing protection to depositors in Slovakia.
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France - Fonds de Garantie des Dépôts - Compensates depositors of an institution which can no longer meet its liabilities, up to a limit of �70,000 per depositor.
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International Association of Deposit Insurers - IADI contributes to the stability of financial systems by promoting international cooperation and encouraging international contact among deposit insurers.
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Hungary - Országos Betétbioztosítási Alap - National Deposit Insurance Fund, which guarantees deposits up to one million forints.
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Trinidad and Tobago - Deposit Insurance Corporation - Manages a Fund to provide insurance for depositors should a member financial institution fail; includes mission, functions, resources, and contacts.
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Philippine Deposit Insurance Corporation - Deposits insured up to P 100,000.
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Mexico - Institute for the Protection of Bank Savings (IPAB) - Gives statutory foundation, details of insurance, financial statements, and names of directors. [English/Spanish]
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Nigeria Deposit Insurance Corporation - Endeavours to engender banking stability by protecting the banking sector against destructive runs, protecting bank depositors and to ensure fair play amongst the competing banks.
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United States - Federal Deposit Insurance Corporation - Federal deposit insurance protects the first $100,000 of deposits that are payable in the United States.
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