Mechanisms for the protection of savings in case of bankruptcy of banks or insurance companies: the interbank funds and Isvap

A real nightmare not only for the individual banks but for the whole economic system where they intersect with the lenders. And 'the phenomenon of "bankrun", that the race for the withdrawal of bank deposits at the counter: it is feared that a bank is insolvent and withdrawing their money en masse is in fact contributing to make it so.

Before we get started, it's a useless emotional behavior and the reason is simple: even in the hypothetical case of default (failure) of a credit institution, the savings of customers are protected by the Guarantee Fund. The Guarantee Fund is a fund Interbank deposits must belong and to which all Italian banks and guarantees the return of cash up to a maximum of EUR 103 000 for current account holder.

Therefore important for those seeking the ultimate in safety and possesses more capital, share your own "portfolio" of multiple lenders. Increase their deposit accounts or subscribe to new ones, these days, turns out to be a winning solution. For constraints of 24 months you can get to get a rate even higher than the 3.5% net.

On traditional life insurance policies, also known as revaluation and safety is given by the supervisory board of private insurance. Isvap, as it is called, has the function of monitoring the financial position of the Company in order to secure obligations to policyholders. In case of default insurance, the holders of the policies would be reimbursed before the creditors of both the paid-up capital is the return that is consolidated from year to year. Over the past 10 years has been the tool that, with superior performance even at 50%, has been able to better resist inflation and economic crisis.

 

15/12/2011

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Translated via software

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Source:

Italian version of ReteArchitetti.it