The liquidator files statements of Affairs annually with the Official Receiver and Statements of Accounts semi-annually with the Registrar of Companies. Much of the information regarding the liquidation process, including costs associated with the liquidation, can be found in the Statement of Accounts and by visiting the DIC website.
Frequently Asked Questions
- Can a depositor leave his/her deposit with the transferee institution?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- What procedure does the DIC follow after an institution has been closed?
- Are any other cash liabilities of financial institutions covered?
Did You Know?
- Misconception: Establishing more than one joint account in the same institution with the same names increases insurance coverage. - Fact: All joint accounts with the same names, notwithstanding alterations to the sequence of names, are added together and insured up to a maximum of TT$200,000.
