39. Cooperation agreements should outline the process for repaying temporary high balances by the …

Cooperation agreements should outline the process for repaying temporary high balances by the host DGS, which should happen in the following sequence:

• a. Depositors submit claims, either to host or home DGS.
• b. Where the claims are addressed to the host DGS, that DGS should forward the claim to the home DGS.
• c. Where the claims are addressed to the home DGS, or the home DGS receives them from the host DGS, the home DGS should verify the claims. The host DGS should lend assistance where necessary, for example in dealing with the language or legal issues stemming from the law applicable in the host DGS’s jurisdiction.
• d. Upon verifying the claims, the home DGS should send the necessary information on deposits, depositors and funds to the host DGS, either as a package with other claims if done in a reasonable timeframe, or individually.
• e. The host DGS should repay the depositors.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/