Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
Bank of America Merrill Lynch International Designated Activity Company, Dublin, Zurich Branch is a member of esisuisse – Deposit Insurance and makes its contributions into it. In the case of Bank of America Merrill Lynch International Designated Activity Company, Dublin, Zurich Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation: