576. Secondary preferential debts.

So much of any amount owed at the relevant date1 by the bankrupt to one or more eligible persons2 in respect of an eligible deposit3 as exceeds any compensation that would be payable in respect of the deposit under the Financial Services Compensation Scheme4 to that person or those persons is a secondary preferential debt5.

An amount owed at the relevant date by the debtor to one or more eligible persons in respect of a deposit that (1) was made through a non-EEA branch of a credit institution