Deposit Protection Fund definition

Deposit Protection Fund means a deposit protection fund set up to provide for the accumulation of financial contributions from banks and branch offices of foreign banks for eventual compensation of deposits held in banks and branch offices of foreign banks and for their management;
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Deposit Protection Fund means Fondos de Protección, any of the trusts established on December 11, 2009 pursuant to Chapter VI of the LACP and Title IV of the LRASCAP.
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Deposit Protection Fund means the fund established pursuant to the Popular Savings and Credit Law;
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Examples of Deposit Protection Fund in a sentence

  • In this case, you are exposed to the risk of partial or complete reduction of your claim or in a conversion of you claim in to equity, in a permanent way, even without a formal insolvency declaration by UniCredit S.p.A. This product does not benefit from the guarantees provided by the Interbank Deposit Protection Fund.

  • They are neither secured by the Deposit Protection Fund of the association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken e.V.) nor by the German Deposit Guarantee and Investor Compensation Act (Einlagensicherungs- und Anlegerentschädigungsgesetz).

  • The objective of the new Deposit Protection Fund Directive is an even higher level of protec- tion and maximum harmonisation of the deposit protection fund systems wi- thin the EEA.

  • Moreover, any rescue measures taken by the Deposit Protection Fund may result in a reputational damage.

  • In addition, the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken e.

  • Volkswagen Bank GmbH, Braunschweig, Germany ("Volkswagen Bank") is a member of the Deposit Protection Fund of the Association of German Banks.

  • In accordance with its By-laws – subject to the exceptions provided for therein – the Deposit Protection Fund protects deposits, i.e. credit balances which result from funds left in an account or from temporary situations deriving from banking transactions and which the Bank is required to repay under the conditions applicable.

  • The Bank shall transfer the remaining equivalent value and any securities/rights still held in the deposit to the client's reference ac- count or deposit at the third party bank.9. Note concerning deposit guaranteeThe system of the statutory deposit protection fund was moved from the EAEG [German Deposit Guarantee and Investor Compensation Act] to a separate Deposit Protection Fund Act (EinSiG) on 3 July 2015.

  • Contributions to the fund are calculated using the methodology set out in the European Commission’s regulations, taking into account the size and risk profile of the financial institution.The Bank is legally obliged to make a contribution to the Deposit Protection Fund.

  • The annual contribution was determined by the Deposit Protection Fund.

Related to Deposit Protection Fund

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Deposit Taker means the licensed deposit taker detailed in the relevant Addendum.

  • Financial Instruments Accounts Act means the Swedish Financial Instruments Accounts Act (lag (1998:1479) om kontoföring av finansiella instrument).

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • the applicable data protection law means the legislation protecting the fundamental rights and freedoms of individuals and, in particular, their right to privacy with respect to the processing of personal data applicable to a data controller in the Member State in which the data exporter is established;

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;