The Deposit Insurance Corporation’s Public Policy Objectives highlight the DIC’s role in the protection of depositors and its contribution to the stability of the financial system in Trinidad and Tobago.
Frequently Asked Questions
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- What does a deposit transfer involve?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
Did You Know?
- Misconception: Certificates, deposit books and other documentary evidence of deposits held in a member institution are not relevant to making claims in the event of a failure. - Fact: A claim, supported by appropriate proof, must be made to the Deposit Insurance Corporation before payment of deposit insurance can be made. As such, all information including certificates, deposit books bank statements etc. would be required to facilitate a smooth payout process. See Tips for Depositors.
