Consult the definition of technical terms 

All of the FGDR’s protection schemes rely on relatively complex banking and financial mechanisms. This glossary provides definitions of many technical terms used on this website or in FGDR documentation.

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2 technical terms

N

National resolution fund

The national resolution fund is called in to finance the resolution of credit institutions having their registered offices in the Overseas Countries and Territories, branches of credit institutions from third countries, investment firms subject to an initial share capital requirement of at least 730,000 euros that do not come under the Single Resolution Fund (SRF) i , as well as Monegasque credit institutions.
In accordance with European legislation, the target amount of this fund to be met by 2024 is at least 1% of the guaranteed deposits in all member institutions. For all institutions, the NRF is expected to have resources of over €60 million by 2024. 

 

Source: ACPR

Net asset value

Price of a unit or share of a UCITS. This value is obtained by dividing the total value of the net assets of the UCITS by the number of units or shares. The net asset value must be published and made available to anyone requesting it. This value can fluctuate upwards or downwards.

Source: Banque de France

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