Commentary

243 Deposits covered by the Financial Services Compensation Scheme and ‘Other Deposits’

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

243 Deposits covered by the Financial Services Compensation Scheme and ‘Other Deposits’

| Commentary

243 Deposits covered by the Financial Services Compensation Scheme and ‘Other Deposits’

These are deposits with banks and others which are covered by the Financial Services Compensation Scheme which are given preference in the event of insolvency of the bank or other borrower, with a view to relieving the Financial Services Compensation Scheme (and thus relieving the public purse which provides the compensation under the scheme) and certain other deposits.

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