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Your questions

The FGDR answers your questions about the guarantees and the compensation procedure.

 

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At the end of 2018, the FGDR had €4.2 billion in equity, which will be increased to approximately €5 billion in 2024. The FGDR is able to deploy t... Read more [10]
WHAT IS THE COMPENSATION PROCEDURE?
1/ You do not need to take any action that involves your bank or the FGDR. On the "deposit availability date", the institution is declared as having f... Read more [12]
The FGDR's investor compensation scheme becomes effective when the ACPR determines that the service provider is no longer able to return to its customers the securities and other financial instruments and associated cash entrusted to it.   This implies that two conditions are met... Read more [14]
You have "temporary extraordinary deposits", i.e. amounts that were received less than three months prior to the failure and come from: 1.   the sal... Read more [16]
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 p... Read more [18]
1°) A joint account is divided equally among its co-holders prior to calculation of the compensation accruing to each of them, unless otherwise specified in the agreement. Each co-holder combines his/her share of the joint account with his/her other deposit accounts and... Read more [20]
MOST FREQUENTLY ASKED QUESTIONS
The FGDR, created by the law of 25 June 1999 to serve the public interest, protects customers in the event that their bank or financial institution f... Read more [22]
As a general rule, the deposit guarantee applies to all institutions that are members of the FGDR, including those operating as on-line banks. Banks i... Read more [24]
STEP 1: INITIATION OF THE COMPENSATION PROCEDURE The FGDR intervenes when a bank or investment firm is no longer able to return the deposits collected or the securities entrusted to it. On the unavailability date, the institution is declared as having failed. The... Read more [26]
MOST FREQUENTLY ASKED QUESTIONS
The FGDR, created by the law of 25 June 1999 to serve the public interest, protects customers in the event that their bank or financial institution fails.   By protecting customers, it helps to maintain confidence in and ensure the stability of the banking... Read more [28]
1/ If a foreign bank, regardless of its country of origin, operates in France in the form of a subsidiary, i.e. a company legally separate from its s... Read more [30]
MOST FREQUENTLY ASKED QUESTIONS
1°) As a general rule the deposit guarantee scheme covers all amounts deposited in accounts at a bank regardless of the currency in which the accoun... Read more [32]
In France and throughout the European Union, the amount of the compensation under the deposit guarantee scheme is capped at €100,000 per customer... Read more [34]
Banks are now required to send their customers this sheet each year to inform them about the protection provided for their savings and other bank acc... Read more [36]
The protection provided for your accounts by the Deposit Guarantee Scheme in the event of your bank's failure has existed since the FGDR's creation in 1999.   This notice on your account statement became mandatory in July 2016. The purpose is to inform customers about the protection... Read more [38]
MOST FREQUENTLY ASKED QUESTIONS
The Livret type 'A' savings account is an account guaranteed by the French government, as is the case for Livret type ‘LDDS’ and Livret type ‘L... Read more [40]
As a general rule, any credit institution or investment firm that receives authorisation from the Prudential Supervision and Resolution Authority (A... Read more [42]
As for any company a bank fails when it defaults on its payments. In other words, a bank failure occurs when the bank is no longer able to pay its debts by the due date or repay its creditors. at which time the bank must be closed and liquidated.   When depositors... Read more [44]
Bitcoin and other cryptocurrencies are not covered by the deposit guarantee scheme. The FGDR's guarantee covers only products denominated in euros or ... Read more [46]