Since the 90's,
the global trend has been the establishment of formal
deposit guarantee systems. The rationale behind this trend
is authorities' increasing concern with the stability of the
financial system. This is reflected in the implementation of
additional instruments for monitoring and control, as well
as the consequent creation of system protection networks.
Ultimate instance loans, efficient regulation and
supervision, appropriate legal structures and direct
protection to depositors through a guarantee system, are
elements of this network designed to maintain a solid,
healthy banking system.
Which of my credits are guaranteed by Fundo Garantidor de
Créditos - FGC?
As determined by Resolution 3,400 of setember 6, 2006: the
following credits are duly covered by the guarantee granted
by the FGC:
demand deposits or deposits drawn on prior notice;
deposits in current accounts of deposits for investments;
savings accounts deposits;
time deposits, with or without the insuance of certificate;
deposits in accounts not drawable, by means of checks and
which are used for the registration and control of flows of
funds for the purpose of paying salaries, wages, retirement
payments, pension payments and other similar obrigations;
bills of exchange;
real estate bills;
real estates credit bills.
The following itens are not covered by the guarantee
deposits, loan or any other resources collected or raised
operations related to program of government interested
institued by law;
time deposits authorized to complete Level II of the
Referency Equity(PR), as set forth under Resolution 2,837
dated May 30, 2001.