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Frequently Asked Questions
- When can an eligible depositor expect to receive his or her money?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- Are any other cash liabilities of financial institutions covered?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
Did You Know?
- Misconception: The uninsured balance, being that portion of deposit/(s) over TT$125,000 for which a certificate was issued, would never be honoured by the DIC. - Fact: A liquidator’s certificate is issued to the depositor by the Corporation for the unsecured balance being that portion of the deposit over TT$125,000. If, the realizations from the disposal of assets net of the subrogated claim of the deposit insurer results in a surplus, then unsecured balances would be …