Non-eligible deposits

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.