Deposit, in this context, shall mean aggregate resources available in bank accounts (current accounts, giro accounts and savings accounts) at the moment of the occurrence of the insured event.

Depositor in a credit institution is the owner of the deposit.

Scheme of deposit insurance

Term meaning "prior to the occurrence of an event" or in advance. Financing of insurance system in the Republic of Croatia is set up on ex-ante basis. The concept of ex-ante financing enables credit institutions to form in advance, through paying the premium for deposit insurance during their regular operation, the Deposit Insurance Fund, which would be used for payment of insured deposits in the event of credit institution bankruptcy.

Term meaning "prior to the occurrence of an event" or in advance. Financing of insurance system in the Republic of Croatia is set up on ex-ante basis. The concept of ex-ante financing enables credit institutions to form in advance, through paying the premium for deposit insurance during their regular operation, the Deposit Insurance Fund, which would be used for payment of insured deposits in the event of credit institution bankruptcy.

Financial system of a country consists of its currency, financial markets, financial institutions and institutions regulating and supervising their work.

A person holding rights and obligations

Credit institution is a bank, savings bank or building society headquartered in the Republic of Croatia or a branch office of a credit institution headquartered outside the Republic of Croatia that provides services in the territory of the Republic of Croatia.

An organisation that has a purpose of achieving public interest goals rather than profits

Croatian deposit insurance system is activated upon the occurrence of an insured event. An insured event occurs when Croatian National Bank submits a decision on the inaccessibility of the deposit to the credit institution, establishing that the credit institution can not pay, neither would soon be able to pay due deposits due to deterioration in the financial standing, or when the competent court issues a decision on the initiation of bankruptcy proceedings in the credit institution.

Compensation shall mean the amount paid by the Agency to natural persons, small entrepreneurs, non-resident companies and non-profit institutions upon the occurrence of the insured event. It is calculated after the offsetting of the sum of deposits and the sum of outstanding liabilities of the depositor in relation to the credit institution on the day of the occurrence of the insured event.

Deposit insurance premium is a financial amount paid by credit institutions as policyholders to the Agency as the insurer.

Premium paid according to the assessment of the level of risk associated with business operations of a particular credit institution.

A procedure of reorganisation of a credit institution experiencing difficulties by establishing new financial relations, i.e. by "purifying" the capital in a way that the accumulated debt is compensated with liquid assets or with investment of fresh capital.

Procedure conducted in order to settle financial obligations of a legal or natural person not being able to meet their financial obligations, with the purpose of compensating their creditors.

A system ensuring protection of depositors from a loss of their deposits