As a German bank, Gallinat-Bank AG is subject to the German security procedures.

What does this mean for you?

1. Gallinat-Bank AG is affiliated with the Deposit Protection Fund (Einlagensicherungsfonds, 69 KB) of the Federal Association of German Banks (Bundesverband deutscher Banken e.V.). This fund protects all liabilities which have to be disclosed in the balance sheet as “liabilities to customers”. Among these are demand, term and savings deposits including registered savings certificates. The hedging limit per creditor is 30% up until the 31^st December 2014, 20% up until the 31^st December 2019, and 8.75% from the 1^st January 2025 onwards (percentages of the bank’s equity capital mainly liable for deposit protection). For deposits established or prolonged after the 31^st December 2011, the new respective hedging limits are valid from the aforementioned cutoff dates regardless of the date of the establishment of the deposit. For deposits established before the 31^st December 2011, the old hedging limits are valid until maturity of the deposits or until the next possible cancellation date. 
   
   You can enquire the current hedging limit at the Federal Association. For you this means that if your deposit does not exceed the respective amount, you are 100% secured.
     
2. The basic protection through the Compensation Fund of German Banks (Entschädigungseinrichtung deutscher Banken GmbH, 112 KB), as prescribed by law, is regulated in § 4 and § 5 of the Deposit Guarantee and Investor Compensation Act (EAEG). The Compensation Fund  (EdB) protects: Deposits of up to 100,000 Euros as well as 90% of liabilities from securities transactions, up to the equivalent of 20,000 Euros.
   
   Besides all kinds of deposits – mainly demand, term and savings deposits, the deposit protection scheme also includes registered savings certificates. Liabilities on which a bank has issued bearer securities such as bearer bonds or bearer certificates of deposits are however not protected.
   
   There is no entitlement for compensation if the deposits are not denominated in Euros or the currency of an EU member state. 

The hedging procedure does not refer to securities in the deposit, since these are only being managed here and therefore remain your property.

You cab find more information at www.bankenverband.de or at www.edb-banken.de