Depositors are clients of banks with which they hold credit balances which result from funds left in an account or from temporary positions deriving from normal banking transactions and which a bank is required to repay in full at maturity under the legal and contractual provisions applicable (deposits due). Credit balances at a bank shall be excluded where:
their existence can only be proven by a financial instrument;
their principal is not repayable at par; or
their principal is only repayable at par under a particular guarantee or agreement provided by a bank or a third party.
Investors are clients of banks and other financial service providers to whom they entrust funds or financial instruments for management and/or custody in connection with investment business services that require licensing.