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Jersey Bank Depositors Compensation Scheme | Home

The Jersey Bank Depositors Compensation Scheme (DCS) has been in force since November 2009. Jersey has a strong and robust banking sector and the island did not have a single bank failure in the recent global financial crisis. The DCS was set up to provide depositors with compensation in the unlikely event of bank failure. This website contains information about the scheme, the Board, links to relevant legislation and contact details. Site by The Idea Works Limited.

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Jersey Bank Depositors Compensation Scheme | Home | jerseydcs.je Reviews
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The Jersey Bank Depositors Compensation Scheme (DCS) has been in force since November 2009. Jersey has a strong and robust banking sector and the island did not have a single bank failure in the recent global financial crisis. The DCS was set up to provide depositors with compensation in the unlikely event of bank failure. This website contains information about the scheme, the Board, links to relevant legislation and contact details. Site by The Idea Works Limited.
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Jersey Bank Depositors Compensation Scheme | Home | jerseydcs.je Reviews

https://jerseydcs.je

The Jersey Bank Depositors Compensation Scheme (DCS) has been in force since November 2009. Jersey has a strong and robust banking sector and the island did not have a single bank failure in the recent global financial crisis. The DCS was set up to provide depositors with compensation in the unlikely event of bank failure. This website contains information about the scheme, the Board, links to relevant legislation and contact details. Site by The Idea Works Limited.

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1

Jersey Bank Depositors Compensation Scheme | Other Documents

http://www.jerseydcs.je/otherdocs.html

There are currently no other documents listed. Site by The Idea Works Limited.

2

Jersey Bank Depositors Compensation Scheme | The Board

http://www.jerseydcs.je/theboard.html

The Jersey Bank Depositors Compensation Board administers the Depositors Compensation Scheme (DCS). The Board is an incorporated body and is independent of Ministers and the States. In the unlikely event of a bank failure in Jersey, the key responsibilities of the board include:. Establishing and maintaining a compensation fund. Making interim and final compensation payments to eligible depositors. Requiring banks to pay a levy. The following Board members have been appointed by the States of Jersey:.

3

Jersey Bank Depositors Compensation Scheme | Banks Covered

http://www.jerseydcs.je/bankscovered.html

Does it matter where bank deposits are held in order to be covered by the Depositors Compensation Scheme (DCS)? To be protected by the DCS, deposits must be placed in an account held in Jersey with banks regulated by the Jersey Financial Services Commission. The following Jersey-registered banks are covered by the DCS if they hold eligible deposits in Jersey (effective 13 September 2016):. ABN AMRO Bank N.V., Jersey Branch. Abu Dhabi Commercial Bank PJSC, Jersey Branch. Bank Leumi (Jersey) Limited. The R...

4

Jersey Bank Depositors Compensation Scheme | Legislation

http://www.jerseydcs.je/legislation.html

Legislation in relation to the DCS can be found through the below links to the Jersey Legal Information Board website:. Banking Business (Depositors Compensation) (Jersey) Regulations 2009. Banking Business (Jersey) Law 1991. Bankruptcy (Désastre) (Jersey) Law 1990. Site by The Idea Works Limited.

5

Jersey Bank Depositors Compensation Scheme | About the Scheme

http://www.jerseydcs.je/aboutthescheme.html

What are the key features of the DCS? It provides protection of up to 50,000 for deposits placed in Jersey per person, per Jersey banking group, for local and international depositors, in line with international standards. Deposits held in the name of individuals and charities are covered along with accounts held by parents for the benefit of their children. The 50,000 limit will apply per person, so a 100,000 deposit held in a joint account by 2 people would be completely covered. Who runs the DCS?

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Jersey Bank Depositors Compensation Scheme | Home

The Jersey Bank Depositors Compensation Scheme (DCS) has been in force since November 2009. Jersey has a strong and robust banking sector and the island did not have a single bank failure in the recent global financial crisis. The DCS was set up to provide depositors with compensation in the unlikely event of bank failure. This website contains information about the scheme, the Board, links to relevant legislation and contact details. Site by The Idea Works Limited.

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