Member credit institutions of the Fund are required to keep records of insured deposits in accordance with the Fund’s established procedure, which enables credit institutions to obtain full information on insurance compensation payments to depositors. 

Accordingly, each credit institution must keep daily records of its liabilities to depositors in its core banking system. This allows the credit institution to create a register of insured deposits (register of depositors) at any time.

This register serves as the basis for the Fund to determine and pay the insurance compensation amount to a credit institution’s depositors promptly in the event of an insurance case.

Accordingly, each credit institution is obliged to keep daily records of its liabilities towards depositors in its core banking system, which allows the credit institution to create a register of insured deposits (register of depositors) on any day.

The data from the register of depositors serves as the basis for determining and timely payment of the amount of insurance compensation to depositors of a credit institution by the Fund in the event of an occurrence of an insurance case.