**Colombia.** ( _Financial Institution Guarantee Fund, Banking Law 117 of 1985_ ) The deposit insurance scheme of Colombia was established in 1985. The scheme is government legislated and administered and membership to the system is mandatory. Deposits in foreign currencies are excluded, whereas inter-bank deposits are not. The coverage is per depositor per institution up to 20 million Colombian pesos with a 25% co-insurance. The general premium rate is currently 0.5% on all deposits which will go down to 0.3% after January 2007.

_Source_ : IADI Survey: Colombia (2002).

**Croatia.** ( _State Agency for Deposit Insurance and Bank_ Rehabilitation) The deposit insurance scheme of Croatia was established in 1997. Even though the system is privately administered, some decisions must be approved by the central bank. Inter-bank deposits are not covered. The scheme extends coverage to deposits in foreign currencies, except to foreign currency deposits placed prior to 1993, which were covered by a government bond issue. The fund may borrow form the central bank. _Sources_ : Garcia (1999), Kyei (1995).

**Cyprus.** ( _Deposit Protection Scheme, Central Bank of Cyprus_ ) The deposit protection scheme of Cyprus came into effect on September 1<sup>st</sup> , 2000. It is jointly administered by the Central Bank and Management Committee. Membership is mandatory for the scheme and it covers all deposits except entities or persons against which criminal proceedings have been instigated or which a confiscation order has been made. The coverage limit is 90% of the Cyprus pound equivalent of EUR 20,000 per depositor per institution. _Source_ : IADI Survey: Cyprus (2003).

**Czech Republic.** ( _Deposit Insurance Fund, Act No 156, 1994_ ) The Deposit Insurance Fund of the Czech Republic was established in December 1994. It is government legislated and privately administered. The insurance is granted for savings and checking accounts as well as certificates of deposit and foreign currency deposits; whereas, promissory notes, inter-bank deposits and other securities are not covered. The scheme covers 90% of all insured deposits up to the equivalent of EUR 25,000 per depositor per institution. Membership to the Fund is compulsory and the premium rates are 0.1% of all insured deposits including accrued interest for banks; whereas 0.05% for building savings banks. With regards to the government participation in funding, a law (no 156/1994) mandates that the state will provide 50% of the funds needed for compensation of depositors by the DIF. The central bank and the government would equally make loans to cover any shortfall in funding.

_Sources_ : Garcia (1999), IADI Survey: Czech Republic (2003), Institute of International Bankers (1997), Kyei (1995).

**Denmark.** ( _Deposit Guarantee Fund, Act 850, 1987; Order 118, 1988_ ) The Guarantee Fund of Denmark was established in 1987. The system is government legislated and privately administered. The fund can borrow from banks with a possible guarantee from the government. The maximum coverage limit of DKK 250,000 was raised to DKK 300,000 (about EUR 40,000) effective September 1995. The fund covers registered deposits net of loans and other liabilities of the depositor vis-à-vis the bank per depositor per institution and membership to the fund is mandatory. Certain accounts established according to law such as pension accounts, children’s saving accounts and attorneys’ client accounts are covered in full. _Sources_ : Own survey of deposit insurers, IADI Survey: Denmark (2002), Institute of International Bankers (1996).

**Dominican Republic.** ( _Savings Account Insurance, National Housing Bank Law_ ) The deposit insurance scheme of Dominican Republic was established in 1962 and it only covers the savings and loan associations. Membership to the system is not compulsory. The system is jointly administered and funded. The government can fund the DIS through savings and loan associations. Foreign currencies are covered, whereas inter-bank deposits are not.

_Sources_ : Garcia (1999), Kyei (1995).

**Ecuador.** ( _Deposit Guarantee_ Agency) The DIS in Ecuador was established on December 3<sup>rd</sup> , 1998 after a major financial crisis and failure of the biggest bank Filanbanco. The system is government legislated and administered. It excludes the deposits of owners, current or recent directors or managers. The fund can borrow, but it is not clear from whom. Both inter-bank and foreign currency deposits are covered. The

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