In France, the compensation amount offered by the investor compensation scheme may be as much as €70,000 x 2 per customer, per investment services provider.
In principle, financial securities held by a bank or another service provider on behalf of their customers belong to those customers and must be returned to them, even if the bank or service provider fails.
However, if the bank or service provider is unable to return or repay them because the securities have disappeared from the accounts, the Fonds de Garantie des Dépôts et de Résolution intervenes to compensate customers for the missing amount, up to a maximum of €70,000 per customer, per institution.
1) If your securities are held at a bank, the cash accounts associated with the securities accounts are covered by the deposit guarantee scheme, added to all other deposits and compensated up to a maximum of €100,000.
2) However, if your securities are held at an investment firm (an investment service provider that is not a bank), the FGDR compensates not only your securities up to €70,000 but also your cash associated with the securities accounts up to €70,000.