Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Raisin Investor Bank Guarantees vs Issuer Risk:

Options
  • 12-07-2023 10:11am
    #1
    Twofeet
    Registered Users Posts: 15 ✭


    The Banks are offering guarantees on deposits up to 100000 euro. They also stipulate an 'Issuer Risk' which I have copied and pasted here for ease of reference ...

    "Issuer Risk: the repayment of the term deposit carries the risk of insolvency of the bank. Payment Risk: Economic or political instabilities in individual countries can lead to cause restrictions on the conversion of the local currency (e.g., exchange rate or maximum amount of conversion). These restrictions could reduce your payout amount despite the solvency of the partner bank. Reasons for that can be restrictions on transfers or changes in legislation."

    Does anyone know what it means for Depositors and if one's investment is really secure?



Comments

  • Options
    #2
    Saudades
    Registered Users Posts: 380 ✭✭Saudades


    You'll have more luck asking that question on Askaboutmoney.



Advertisement