DEPOSIT GUARANTEE FOR COMPANIES

The deposit guarantee covers all depositors except those listed below - see section Persons not covered.

COMPANIES

Companies fall within the scope of the deposit guarantee regardless of company form or size. Both private deposits and business-related deposits of a self-employed entrepreneur are treated as the deposits of one depositor when calculating the amount of compensation.

Independent underlying departments of non-profit housing organisations as stated in the Danish law (Almenboligloven) will be treated as independent depositors and their deposits are covered by the deposit guarantee.

ASSOCIATIONS AND FOUNDATIONS

Associations and foundations fall within the scope of the deposit guarantee.

PERSONS NOT COVERED

The following are excluded from the deposit guarantee:

  • public authorities, such as the State and its institutions, municipalities and joint municipal authorities, and the Government of Åland
  • credit institutions, investment firms, management companies, alternative investment fund managers (AIFMs), and financial institutions
  • insurance companies, insurance associations, pension foundations and insurance funds.