The following are not considered to be deposits eligible for the Fund guarantee :

  • deposits from Member States of the Union, Central Administrations, Public Establishments and Local Authorities;
  • foreign currency deposits;
  • deposits from Credit Institutions, MFIs, and Investment Firms;
  • deposits from insurance and reinsurance companies;
  • negotiable debt securities;
  • deposits from brokerage firms and collective investment organizations in transferable securities;
  • deposits from pension organizations and pension funds;
  • deposits from shareholders holding at least ten percent of the capital of the credit institution or DFS;
  • deposits from members of the Board of Directors, managers and auditors of the credit institution or the SFD;
  • subordinated deposits and loans;
  • deposits from transactions for which a criminal conviction has been handed down against the depositor for a money laundering or terrorist financing offense;
  • any other deposit previously declared as ineligible by the Board of Directors.