The FGDR manages four guarantee mechanisms:
- the deposit guarantee scheme, which protects the deposits and savings of bank customers;
- the investor compensation scheme, which covers the disappearance of securities (stocks, bonds, units of open-end investment companies (SICAV) or mutual funds (FCP), etc.) and associated cash of customers of banks and investments firms;
- the performance bonds guarantee scheme, which covers performance bonds issued by a bank or financing company to regulated professionals.
- the guarantee of management services to cover the inability of a management company to repay or return to investors their financial instruments and associated cash.
I have savings and other bank accounts: Deposit guarantee scheme
Deposit guarantee scheme:
The amounts deposited in your current accounts, savings accounts and savings schemes are covered by the deposit guarantee scheme up to €100,000 per customer, per institution.
Regulated savings accounts (Livret type “A”, “LDDS”, “LEP”) are covered by a guarantee from the French government, also up to €100,000.
I own securities managed by a bank or an investment firm: investor compensation scheme
Investor compensation scheme:
All securities and financial instruments (stocks, bonds, units of open-end investment companies (SICAV) or mutual funds (FCP), etc. held directly or through an equity savings scheme (PEA)) are covered by the investor compensation scheme up to €70,000 per customer, per institution.
I am protected by performance bonds: Performance bonds guarantee
Performance bonds guarantee:
Your professional service provider (travel agent, real estate developer, etc.) has obtained a regulated performance bond from a bank or financial institution to guarantee the proper completion of your project. The FGDR covers these commitments and takes over until the successful completion of the project in case of failure of the institution that issued the performance bonds.
I have securities managed by a portfolio management company : The guarantee of management services
The guarantee of management services:
All financial instruments and cash managed by a portfolio management company are covered by the the guarantee of management services up to €20,000 per client and per management company.
