Deposit protection

Legal deposit protection

The bank belongs to the Statutory Compensation Scheme of the Federal Association of German Public Banks (= legal deposit protection – in the following called “Statutory Compensation Scheme”). The deposit protection through the compensation scheme includes not only all kinds of deposits – basically demand deposits, term deposits and savings deposits – but also savings certificates.

We hereby indicate the limitations to the protection of deposits or other refundable funds through the Statutory Compensation Scheme:

The liabilities of the bank, through which the bank has issued bearer bonds, such as bearer notes and bearer certificate of deposits, as well as liabilities to credit institutions, state institutions and insurance companies are not protected.

Additionally, 10% of the bank’s liabilities from securities transactions are not protected either. Liabilities from securities transactions are taken into account if securities have been lost and the bank is not in the position to return the deposited securities to the customer. 90% of the bank’s liabilities of these cases are covered by the Statutory Compensation Scheme, yet only to a maximum amount of EUR20,000.

For more information on the statutory deposit protection please visit www.voeb-edoe.de.

Voluntary deposit protection

In addition to the Statutory Compensation Scheme (s.a.), the bank voluntarily belongs to the Deposit Protection Fund of the Federal Association of German Public Banks (= voluntary deposit protection – in the following called “Deposit Protection Fund”) for further deposit protection.

We hereby indicate the limitations to the protection of deposits or other refundable funds through the Deposit Protection Fund:

Deposits of banks as well as of the federal and state governments and their special government funds are not protected by the Deposit Protection Fund.

Liabilities, through which a bank has issued bearer bonds, are not protected either.

A legal claim to the Deposit Protection Fund is excluded. Payments from the Deposit Protection Fund are made on a voluntary basis depending on the capacity of the deposit protection fund, that is to say, depending on the fund assets. In case payments are made through the Fund, the debt paid to the customer will be transferred to the Deposit Protection Fund. The Deposit Protection Fund shall only pay if the compensation scheme (s.a.) does not pay.

For more information on the voluntary deposit protection please visit www.voeb-es.de