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Banking Deposit Insurance Corporation

insurance
 Banking Deposit Insurance Corporation
Requires talking about the banking Deposit Insurance Corporation

- What guarantee bank deposits

The guarantee bank deposits at least from our point of view, one of the types of compulsory insurance imposed by the monetary policies in most countries of the world on the banks operating on its soil. The first state established a sophisticated system to protect deposits appointed Czechoslovakia in 1924 AD. Either for the United States of America was founded in 1934

At the Arab level considered to Lebanon, the first Arab country to establish Deposit Insurance Corporation in 1967 following the crisis Intra Bank in 1966

- Reason for the establishment of the Deposit Insurance Corporation

Was created bank deposit guarantee institutions to provide some kind of protection for depositors to guarantee deposits at the bank's inability to fulfill its obligations towards them as a result of the financial crises may pass by banks also aims also to the stability and integrity of the banking system, including its assistance

- The scope of warranty

- Establishment of guaranteed bank deposits as "all deposits in any bank payable on demand and is payable on demand, including savings deposits and time deposits

1 - Government deposits

2 - and interbank deposits

3 - Insurance cash up to the value of the facilities granted to ensure this Insurance

- The financing of the Deposit Insurance Corporation

Depends Deposit Insurance Corporation in funding contributions or contributions that are committed to repay banks are often a percentage of the size of contributions and bank deposits represented by

- The amount of the guarantee due to the applicant

In relation to the amount of security no matter how many accounts per customer or types of currency which is not compensated solely on the basis that one account so that it is to pay the compensation amount of security that is:

1 - The full amount of the security deposit

2 - have a warranty if the value of the deposit on it

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guarantee bank deposits

 guarantee bank deposits Bank deposits Bank deposits of particular importance in the field of banking activity that they feed the necessary funds to banks directly many of its rival commercial paper and interest loans and grants opening credits who is in need of individuals and projects - Definition of bank deposit Contract authorizes the bank ownership of deposited money and dispose of them according to than with its commitment cold like the depositor of the same type of currency upon request or at the agreed-term solutions, according to whether the deposit in a savings account or in the form of a fixed deposit " - Types of bank deposits That bank deposits are divided in terms of recovery to date and in demand deposits and deposits provided the previous notification and term deposits: 1 - Demand deposits: It is the most important bank deposits and where the applicant may request retrieved at any time, the Bank does not pay them interest or pay interest slim 2