Several exceptions to the limit of deposit protection.
100,000 euro for the total of the deposits, contains the bill “Deposit-Guarantee Schemes (integration of directive 2014/49/EU), Deposit and Investment Guarantee Fund and other provisions” lodged late in the night of Thursday in the Parliament the ministry of Finance.
Under the bill, the protection limit of € 100,000 applies to the aggregate deposits of each depositor in the same credit institution irrespective of the number of deposits, currency, and place of deposit within the EU. Respect of deposits, which are sourced proven by specific activities, which serve social purposes, are treated extremely increased protection to the additive limit of 300,000 euros for a limited period of time.
At the same time the n/p sets the HDIGF (Deposit Guarantee Fund) as the exclusive carrier of the Greek deposit guarantee scheme (DGS) and as the Fund competent for the Resolution of credit institutions.
But, according to the bill, there are depositors who are not eligible for the protection of their deposits, as, for example, specific public authorities.
So, the new settings are excluded from the protection and guarantee of the HDIGF:-deposits of credit institutions for their own account.-The own funds of credit institutions.-Deposits from transactions for which there has been a final criminal conviction for money laundering.-The deposits of the public authorities.-The deposits of financial institutions.-Deposits by investment firms for their own account.-The deposits of insurance companies.-The deposits of collective investment undertakings (mutual funds).-The debt securities issued by a credit institution and liabilities from own acceptances and promissory notes.-Deposits of which the identity of the holder or beneficiary has not been verified.-Deposits of social security funds and the funds of professional insurance.-The deposits of HDIGF.
Today, the bodies of the central government, in addition to those belonging to the central administration and 1.505 entities of the General Government, 492 Legal Persons in Central Government and public enterprises (public ENTITY, private entity A.(E) and 877 municipal companies, municipal bodies etc. are required to deposit a cash of their available to the Single Account of the Treasury to the Bank of Greece.
It is worth noting that Government deposits in the banking system amounted at the beginning of January 2016 to 10,4 billion. euro.
Source
Haircut of deposits: What is at risk and what’s the security boundary?
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