|Address||621 88, Sweden, Visby, S:t Hansplan 1|
|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.
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.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Sweden are obliged to participate in Swedish deposit guarantee scheme.
In the case of PayEx Credit AB failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, companies and other legal entities|
|Covered Accounts||deposits in all types of accounts|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Further Information: Deposit Guarantee Scheme in Sweden
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||No|
|Exempt from MRR by ECB||No|