Wednesday, January 11, 2012

Deposit and investment protection of Liechtenstein banks

Announcement of the “EINLAGENSICHERUNGS- UND ANLEGERSCHUTZ-STIFTUNG

DES LIECHTENSTEINISCHEN BANKENVERBANDES”



Reported according to the guidelines of the EU and the Liechtenstein Banking Act in Article 7 Provisions about the safety of bank deposits and the protection of investors. That the banks will impose a duty to ensure, through the creation of their own institutions or by participa-tion in foreign facilities for securing an adequate protection of deposits and deposits at banks.
The Liechtenstein Bankers Association (LBA) has decided for the one-solution-distinctive, and securing the deposits and investments, the "Deposit Guarantee and Investor Protection Foundation of the Liechtenstein Bankers Association" (EAS) founded. This is a master independent foundation under Liechtenstein law. This foundation has übernommen the obligation, compensation shall be in the event of bankruptcy of a bank or Zahlungsunfähigkeit, their customers, to a certain maximum amount. All take Tatig Liechtenstein banks to the Deposit Guarantee and Investor Protection Foundation of the Liechtenstein bank's structure. With this assurance, the EAS carries significantly to Gläubigerschutz and makes a decisive contribution to the reputation and stability of the Liechtenstein financial center.
Secured the deposits of private customers up to a maximum of CHF 100'000 .-- or the equivalent of this sum in another currency. Deposits are under any kind, or Kontogutha ben-call and fixed deposits to understand.Grouted a customer over a number of con-th at a bank or he owns next to his own account and a share of a Com-munity account, then the upper limit for each account individually but not for all his con-th summarized.
In addition to the deposits up to a maximum of CHF 30'000 .-- the plants are at-backed banks. These are similar to securities and investment instruments. However, this assurance could in practice hardly play a big role, but all of a customer de-pot in a bankruptcy of the bank exclusively excreted in his favor from the crowd.
Occurs at a bank debt restructuring or bankruptcy due to the so called "assurance case" one, are committed members of the EAS to provide funds available so that the EAS possible quickly to the legitimate depositors and investors, claims up to a maximum of CHF 400 million relates to can pay. If a fuse is the Foundation informs the possible unverzüglich Anspruchsbe-privileged by publication in newspapers and the Internet on the homepage of the Foundation. At the Foundation, as well as from the data bank will be Merkblätter obtained with the necessary information along with the registration forms. Ordnungsgemäss turned-handed and geprüfte claims of depositors and investors will be paid by the Foundation within three months. In return for the payment to depositors and investors take their receivables ALZETTE bank to the Foundation from. This can make the assigned claims in bankruptcy of the bank claims.




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