The DIC, from its inception in 1986 to present, has liquidated a total of nine MIs, the most recent being CLICO Investment Bank Limited, one of the largest liquidations in the Republic of Trinidad & Tobago.
A depositor, can obtain a maximum of TT$375,000, assuming they maintain deposits in all 3 rights and capacities at a member institution prior to failure.
The Deposit Insurance Premium represents a key source of the funding for the Deposit Insurance Corporation (DIC), which functions as an ex ante system.
Our day-to-day team is made up of 22 dynamic, creative, solutions-oriented professionals who help to execute the Eight Powers.
Why not take a few minutes to learn all about our country’s financial safety net and then help to spread the word!
The DIC plays a contributory role to the continued stability of Trinidad and Tobago’s financial system, along with other safety net participants, such as, the Central Bank of Trinidad and Tobago, the Trinidad and Tobago Securities and Exchange Commission and the Ministry of Finance.