December, 2019: The staff participated in a charity drive by donating toys to the Trinidad and Tobago Cancer society to be distributed to children battling cancer. Each toy donated was beautifully wrapped and labelled according to the gender and age group of the children. The Holiday Season can be a difficult time for an ailing child and receiving a gift can bring joy and cheer to children at a time when they need it the most.
Frequently Asked Questions
- Does the borrower’s obligations to the institution continue after the institution is closed?
- Are foreign deposits insured?
- Are any other cash liabilities of financial institutions covered?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
Did You Know?
- Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.
