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Tag Archives: annual report

Annual Report 2017

View or Download Annual Report 2017

Deposit Insurance Corporation •March 13, 2018Annual Reports, News annual report

Frequently Asked Questions

Does the borrower’s obligations to the institution continue after the institution is closed?
Must a claim be filed in person?
What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?

Did You Know?

Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.

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