Exact(14)
First, they could provide a backstop to national deposit guarantee funds.
And keep in mind that annuities have no federal guarantees; they are generally covered by weaker state guarantee funds.
For its wealthy clients, it has created guarantee funds that allow them to put up collateral in America for credit extended in poor countries.
Many in Iceland believe a court judgment could ultimately shatter the assumption at the heart of the Icesave settlement – that, under European law, a state must make up for any shortfalls in deposit guarantee funds.
Initially, shares will be sold to individual Brazilian investors and the government-managed salary- guarantee funds before they are available to domestic and international institutional investors sometime after Aug. 2. Petrobras is awaiting approval from the United Securities and Exchange Commission to sell American depository receipts on the New York Stock Exchange.
State guarantee funds offer a backstop but have limits on coverage.
Similar(46)
And in extremis a "policyholder guarantee fund" should be able to take control.
The deposit guarantee fund would be part of a banking union.
However, the government does not guarantee funding per pupil in real terms.
But the political obstacles to a common deposit guarantee fund and other features of a banking union remain high.
The remaining securities would be invested in a "guarantee fund," consisting of zero-coupon bonds with triple-A ratings.
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