Home | Web Map | Contact us Start General Information + Legislation Adhered Entities + Official Communiqués financial statements Start General Information + Legislation Adhered Entities + Official announcements financial statements Start " THE CREDIT INSTITUTIONS DEPOSIT GUARANTEE FUND The Deposit Guarantee Fund for Credit Institutions was created by Royal Decree-Law 16/2011, of October 14. It has its own legal personality, with full capacity for the development of its purposes under private law, and its headquarters are in Madrid. The purpose of the Fund is to guarantee deposits in money and in securities or other financial instruments constituted in credit institutions, with a limit of 100,000 euros for deposits in money or, in the case of deposits denominated in another currency, its equivalent applying the corresponding exchange rates. Additionally, the Fund guarantees the following deposits regardless of their amount for three months from the moment the amount has been paid or from the moment such deposits have become legally transferable: a) Those from transactions with real estate of a residential nature and private character; b) Those derived from payments received by the depositor on a timely basis and are linked to marriage, divorce, retirement, dismissal, disability or death; and c) Those that are based on the payment of insurance benefits or compensation for damages that are the consequence of a crime or judicial error. It also guarantees 100,000 euros for investors who have entrusted securities or other financial instruments to a credit institution. These two guarantees offered by the Fund are different and compatible with each other. To fulfill its function of guaranteeing deposits and in defense of depositors whose funds are guaranteed and of the Deposit Guarantee Fund of Credit Institutions itself, the Fund may adopt measures to support the resolution of a credit institution with a charge to the deposit guarantee compartment. Exceptionally, as long as a resolution process has not been initiated, the Fund may use its resources to prevent the liquidation of a credit institution in the cases provided by law. To print Deposit Guarantee Fund for Credit Institutions - Legal Notice C / José Ortega y Gasset, 22 - 4ª planta, 28006 Madrid Telephone: +34 91 431 66 45 - Fax: +34 91 575 57 28 Email: fogade@fgd.es