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The Fonds de Garantie des Dépôts et de Résolution (FGDR)


The Fonds de Garantie des Dépôts et de Résolution (FGDR) and its mandate

Created by the Law of 25 June 1999, the Fonds de Garantie des Dépôts et de Résolution (FGDR) is responsible for protecting and indemnifying customers in the event of default by their credit institution. Since the Decree of 18 February 2019(1) implementing the deposit guarantee for factoring companies, the Total Net Balance(2) of your accounts in our books is covered, up to a ceiling, by the FGDR.

For greater clarity, a statement of eligibility for the deposit guarantee provided by the FGDR will be indicated shortly on the statements of transactions of your accounts covered by that guarantee. The FGDR will therefore be responsible for paying you compensation if our institution was declared bankrupt and the Total Net Credit Balance of your accounts became unavailable. This scheme ensures that your factoring accounts are protected. In order to provide you with complete information(3), please find attached a memorandum containing the basic information on the protection of deposits, including the guarantee ceiling.



For information on the deposit guarantee, go to the FGDR site: http://www.garantiedesdepots.fr/.

Our sales and customer relations teams are at your disposal for any additional information about this Decree.


(1) The Decree of 18 February 2019 amends the Decree of 27 October 2015 relating to the implementation of the deposit guarantee by the FGDR, the compensation ceiling and the terms of application of Article L 312-4-1 and 13° of Article 312-16 of the French Monetary and Financial Code to take into account the specificities of factoring contracts.

(2) The total net balance of the factoring transactions corresponds to the off-set of the balance of the current account with the amount of the outstanding assigned receivables, the amount of the deposit account and any reserves which have been created.

(3) In accordance with the provisions of Articles 3 and 4 of the Decree of 27 October 2015 on informing depositors, as amended by the Decree of 18 February 2019.



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