Treatment of temporary high balances Sample Clauses

Treatment of temporary high balances. The Host DGS shall assist the Home DGS with the handling of claims related to temporary high balances in its jurisdiction in the manner prescribed below. Claims related to temporary high balances may be submitted either to the Host or to the Home DGS. Where the claim is submitted to the Host DGS, this DGS shall forward it to the Home DGS. The Home DGS shall verify the claim. Upon request by the Home DGS, the Host DGS shall lend the necessary assistance, such as in dealing with the language or legal issues from the law applicable in the Host DGS’s jurisdiction. Upon verifying the claim, the Home DGS shall send the necessary instructions for repayment of depositors and funds, either as a package with other claims if done in a reasonable timeframe, or individually. For these purposes, Provisions 9.1, 9.2, 11.1,
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Treatment of temporary high balances. 1. The Host DGS shall assist the Home DGS with the handling of claims related to temporary high balances in its jurisdiction in the manner prescribed in this article.
Sample 1
Treatment of temporary high balances. The Host DGS shall assist the Home DGS with the handling of claims related to temporary high balances in its jurisdiction in the manner prescribed below. Claims related to temporary high balances may be submitted either to the Host or to the Home DGS. Where the claim is submitted to the Host DGS, this DGS shall forward it to the Home DGS. The Home DGS shall verify the claim. Upon request by the Home DGS, the Host DGS shall lend the necessary assistance, such as in dealing with the language or legal issues from the law applicable in the Host DGS’s jurisdiction. Upon verifying the claim, the Home DGS shall send the necessary instructions for repayment of depositors and funds, either as a package with other claims if done in a reasonable timeframe, or individually. For these purposes, Provisions 9.1, 9.2, 11.1, 11.2 and 14.1 shall apply accordingly. Upon receiving the instructions for payment and the funds, the Host DGS shall repay the depositors. For this purpose, Provisions 7.3 and 8.2 shall apply accordingly. For the purposes of this Provision 7.5, the Home DGS shall regularly update in H2C Rulebook, as well as at the time of the Notification, any information on deadlines for accepting repayment claims, repayment period and coverage limit, regarding temporary high balances set out in the Home DGS’s national legislation. The Host DGS shall communicate this information to the depositors.
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Related to Treatment of temporary high balances

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