A Scheme to safeguard small depositors’ interest

by brian » Fri Mar 31, 2006 12:46 pm
Posts: 75
Joined: 02 Feb 2006

The scheme will provide compensation to individuals and charities for the first 20,000 Singapore dollars (12,360 US), net of liabilities, if their bank or finance company fails, the statement said. SDIC is a separate entity from MAS.

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