Frequently Asked Questions
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- Does the borrower’s obligations to the institution continue after the institution is closed?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- What is a Liquidator’s certificate?
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.
