**Macedonia.** ( _Deposit Insurance Fund_ ) The scheme in Macedonia was first established in 1996 under the name Saving Deposit Insurance Fund Inc. as a joint shareholders’ company by the banks and savings houses. In July 2000, a single Deposit Insurance Fund came into force. The scheme is administered and funded jointly. The fund can borrow from the central bank or domestic and foreign sources if necessary. Membership to the system is mandatory. Coverage is extended to current accounts and savings deposits of natural persons that are denominated in domestic and foreign currencies. The coverage limits have changed according to the following over time: In 1996, the lesser of 75% of total savings per depositor or denar equivalent of DM 10,000; in 2000, 100% of deposits up to EUR 1,500 and 90% of EUR 1,500 to EUR 7,500; in 2002, 100% of deposits up to EUR 3,000 and 90% of EUR 3,000 to EUR 10,000; and since May 2003, 100% of deposits up to EUR 10,000 and 90% of EUR 10,000 to EUR 20,000. The coverage is calculated per depositor per institution and banks were charged a flat premium of 0.7% as of 2003. _Sources_ : IADI Survey: Macedonia (2002), IMF Country Report: Macedonia (2003), Deposit Insurance Fund Skopje (2004).

**Malaysia.** Malaysia introduced a blanket guarantee for depositors in December 1997 which came into force in 1998. The scheme was introduced in response to the financial crisis. _Source_ : Garcia (2000).

**Malta.** ( _Deposit Guarantee and Investor Compensation Scheme, Financial Services Authority_ ) The regulation approving the creation of a deposit insurance scheme in Malta became effective on January 3<sup>rd</sup> , 2003. The participants of the scheme were required to initially contribute LM 10,000 each and over five years were expected to contribute a total of minimum LM 1 million in proportion to their holdings of eligible deposits. Membership is mandatory. The scheme is being developed in accordance with EU standards and coverage limit is therefore set at 90% of a maximum EUR 20,000 per depositor per institution.

_Source_ : Malta Financial Services Authority (2004).

**Marshall Islands.** ( _Federal Deposit Insurance Corporation-FDIC, Banking Act_ ) The scheme in Marshall Islands was established in 1975. Membership to the system is voluntary. The system is funded by the contributions of the members only. It is administered officially. The coverage limit is set at US$ 100,000. _Sources_ : Garcia (1999), Kyei (1995).

**Mexico.** ( _Bank Savings Protection Fund, Credit Institutions Law; Bank Savings Protection Institute, Bank Savings Protection Law_ ) The deposit insurance scheme of Mexico was established in 1986. It is administered officially. In 1990, Bank Savings Protection Fund was created as a trust within the Central Bank providing unlimited guarantee to all lawful banks. The agency’s assets were depleted and the trust had to issue government-backed debt after the 1995 banking crisis. In 1999, Bank Savings Protection Institute was established and the new scheme took on a seven stage transition period from blanket to limited coverage. A coverage limit first started to apply in 2003 at 32,262,340 Mexican pesos (equivalent of 10 million UDIs or investment units which is a monetary unit indexed to price level). In 2004 the maximum coverage dropped to 5 million UDIs (16,762,350 Mexican pesos) and was planned to go down to 400,000 UDIs (1,365,979 pesos) in 2005. The coverage amount is calculated per depositor per institution. Membership is compulsory for all banks and the premiums are assessed as minimum 0.4% of a proxy of total bank liabilities. In the 1999 system the rate was 0.3% with a 0.5% maximum plus 0.7% premium when necessary.

_Sources_ : Own survey of deposit insurers, IADI Survey: Mexico (2003).

**Micronesia.** ( _Federal Deposit Insurance Corporation-FDIC, Banking Act_ ) The scheme of Micronesia was established in 1963. It is administered officially. Membership to the system is voluntary. The coverage limit is set at US$ 100,000. The fund has borrowed from the Central Bank and the Ministry of Finance. _Sources_ : Garcia (1999), Kyei (1995).

**Netherlands.** ( _Collective Guarantee Scheme_ ) The scheme of Netherlands was established in 1978. There is no permanently maintained fund. The banks make ex-post contributions when needed. Ex-post assessments are made case-by-case based on several items of data reported to the central bank. Assessed bank’s portfolio is compared to the portfolio of the failed bank. The contribution amounts are determined after

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