The following deposits are not covered by this Deposit Guarantee System:
I) Fixed term transferable deposits whose ownership has been acquired by endorsement, even when the latest endorsee was the original depositor
II) a) Sight deposits in which interest rates above reference rate are agreed and
b) Deposits and long term investments above 1.3 times that rate or the reference rate – the higher of both -.
They will be excluded when interest rate limits are distorted by incentives or additional retributions.
III) Deposits of financial institutions in other intermediaries included long term certificates acquire by secondary negotiation.
IV) Deposits made by related persons, directly or indirectly to the institution according to the clauses defined in point 2.2 on “Credit Risk Division”.
V) Fixed term deposits securities, acceptances or guarantees.
VI) Fixed balances coming from deposits and other excluded operations.
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