tag:blogger.com,1999:blog-4815867514277794362.post7340011392150817492..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: From the comments section - Latvian bank depositsJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4815867514277794362.post-22483462611287271402008-08-05T00:54:00.000+10:002008-08-05T00:54:00.000+10:00The key is "of EUR 20,000 translated into Latvian ...The key is "of EUR 20,000 translated into Latvian lats".<BR/><BR/>Who knows at what exchange rate :(Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-89967371009352528692008-08-02T11:12:00.000+10:002008-08-02T11:12:00.000+10:00oh, crap. my bad then. to latvia poster. it's ...oh, crap. my bad then. to latvia poster. it's guaranteed up to 20k:<BR/><BR/>http://www.hansabanka.lv/engl/pakalp/pr_8_4_5.php<BR/><BR/>http://www.bsi.si/en/guarantee-scheme.asp?MapaId=1050&Pisava=1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-37792802591869092172008-08-02T08:27:00.000+10:002008-08-02T08:27:00.000+10:00AnonThis is wrong. Take the terms of the Kaupthin...Anon<BR/><BR/>This is wrong. <BR/><BR/>Take the terms of the Kaupthing Edge deposit protection listed in the contractual details of Kaupthing Edge's UK product.<BR/><BR/>First it depends on whether the bank is a branch or subsidiary. (Ie is Hansa a separately capitalised bank.)<BR/><BR/>It Hansa's case it is a SUBSIDIARY - which means the Baltic deposit insurance applies.<BR/><BR/>if it were a BRANCH the Swedish one would apply.<BR/><BR/>Kaupthing has two deposit products - one in a UK Sub and the other in a Branch. <BR/><BR/>They have different terms. <BR/><BR/>If someone knows about the really nitty gritty details of the law here for cross border EU branch banking I would love to hear.<BR/><BR/>Email me.<BR/><BR/>JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-35851656050287256082008-08-02T07:34:00.000+10:002008-08-02T07:34:00.000+10:00EU countries have their own 'FDIC'. depending wher...EU countries have their own 'FDIC'. <BR/><BR/>depending where the parent bank is incorporated the deposit coverage levels are different. so if the swedbank has the controlling interest in hansa, then sweden level applies. 10k euro seems low. the fund usually cover at least 20k.Anonymousnoreply@blogger.com