If your claim is accepted by us, we will pay 90% of the net loss subject to a maximum of € 20,000.
- Situation 1
A client has paid a licensed investment firm €16,000 to invest in a bond. The bond was never purchased, and the investment firm goes insolvent. The client will be entitled to compensation of €14,400 (90% of €16,000).
- Situation 2
A client has given a licensed investment firm €35,000 to invest in a collective investment scheme. The units were never purchased, and the investment firm goes insolvent. The client will be entitled to compensation of €20,000. This is the maximum limit payable by the Scheme.
- Situation 3
A client has given a licensed investment firm €23,000 to purchase shares in a UK company. The shares were bought and a contract note evidencing the transaction was issued. The value of the shares fell 50%. The client will not be entitled to compensation.
Assignment of rights
To receive compensation you will be required to sign some statements including a subrogation in favour of the Scheme. This subrogation gives us the right to recover the amounts which we have paid you, in the event that the failed intermediary has any money or assets left. A subrogation will also enable us to claim back money from other persons who may be responsible for your losses.