A Technical Solution and Associated Services for the Deposit Guarantee Scheme

r the administration of the Irish Deposit Guarantee Scheme (DGS), which compensates depositors in the event of an in-scope Credit Institution (“CI”) failing, and may also issue payments for deposits held at the Irish branch of credit institutions authorised in another European Economic Area (EEA) Me

mber State. Following the appointment of a liquidator to a CI, the Central Bank is obliged to pay compensation of up to €100,000 per eligible depositor per CI to depositors who are deemed eligible under the rules of the scheme, within 7 wor