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Home FAQ Would the uninsured balance, i.e. that portion of deposit(s) over BDS$25,000 for which a certificate was issued, ever be honoured by the DIC?
Would the uninsured balance, i.e. that portion of deposit(s) over BDS$25,000 for which a certificate was issued, ever be honoured by the DIC? Print E-mail

A liquidator’s certificate is issued to the depositor by the BDIC for the unsecured balance being that portion of the deposit over BDS$25,000. If, the realizations from the disposal of assets net of the subrogated claim of the deposit insurer and other superior claimants results in a surplus, then unsecured balances would be paid on a pro rata basis.

 
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Disclaimer

Please Note: This website is designed to give general information about deposit insurance and should not be relied upon as definitive. The actual deposit insurance coverage provided by BDIC following the failure of a member institution is based on the deposit account records at the failed member institution and is governed by the Deposit Insurance Act.