For companies

In addition to private individuals, partnerships and corporations are entitled to compensation, though some restrictions apply in their case:

The EdB does not protect deposits by banks, institutional investors such as financial service providers, insurance firms and pension and retirement funds, or deposits by public authorities (see Section 6 of the German Deposit Guarantee Act).

It should also be noted that repayment of liabilities resulting from securities transactions is ruled out if the depositor is an enterprise which is required under the Third Book of the German Commercial Code (HGB) to compile a management report or is exempted from this requirement only because of its inclusion in a consolidated financial statement, or a comparable enterprise domiciled abroad.

Compensation is payable in connection with securities transactions particularly if, in breach of its duties, a bank is unable to return securities owned by the customer and held in custody on the customer’s behalf.

This website uses cookies to enable certain functions and an user-oriented and smooth navigation. If you continue, you agree with the usage of cookies.