Safely invested sums of money for the possible servicing of (small) investors in the event of a bank’s insolvency. – In the U.S.A., a certain per thousand of the value of a contract or a percentage of a stockbroker’s income must also be paid into a guarantee fund supervised by the supervisory authorities. – See deposit insurance, deposit guarantee, European, guarantee fund, cross-guarantee system, pool, guarantee obligation, overflow system. – Cf. BaFin Annual Report 2006, p. 129 (difficulties in determining an amount of compensation by the Compensatory Fund of Securities Trading Companies [EdW] in the Phoenix fraud case).
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