A company may go into liquidation when its liabilities are greater than its assets.
Frequently Asked Questions
- What does a deposit transfer involve?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- When is deposit insurance payable?
Did You Know?
- Misconception: The Deposit Insurance Corporation (DIC) is empowered to close a member institution. - Fact: A member institution licensed under the Financial Institutions Act, 2008 can only be “closed by or with the approval of The Central Bank of Trinidad and Tobago as a result of financial difficulties.”
