|Address||58540, Germany, Meinerzhagen, Zur Alten Post 2 - 4|
|Bank Category||Savings banks (Sparkassen)|
|Credit Ratings (as of Dec 2014)|
|Fitch||A+ (high credit quality)|
|Moody's||- (not rated)|
|S&P's||- (not rated)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
|Bank BIC Code||WELA|
|Country Code||DE (Germany)|
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, Sparkasse Kierspe-Meinerzhagen Zweckverbandssparkasse der Städte Kierspe und Meinerzhagen is rated by Fitch.
Credit ratings assigned to Sparkasse Kierspe-Meinerzhagen Zweckverbandssparkasse der Städte Kierspe und Meinerzhagen as of December 2014 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Sparkasse Kierspe-Meinerzhagen Zweckverbandssparkasse der Städte Kierspe und Meinerzhagen it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Sparkasse Kierspe-Meinerzhagen Zweckverbandssparkasse der Städte Kierspe und Meinerzhagen is set to F1+ (highest short-term credit quality).
|Long-Term Issuer Default Rating||A+|
|Short-Term Issuer Default Rating||F1+|
|Support Rating Floor||-|
Viability rating for Sparkasse Kierspe-Meinerzhagen Zweckverbandssparkasse der Städte Kierspe und Meinerzhagen is not set support rating is not assigned; support rating floor is not set.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of Sparkasse Kierspe-Meinerzhagen Zweckverbandssparkasse der Städte Kierspe und Meinerzhagen failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Further Information: Deposit Guarantee Scheme in Germany
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|