Common use of General limit of protection Clause in Contracts

General limit of protection. If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers a maximum of £85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with £80,000 and a current account with £20,000, he or she will only be repaid £ 85,000. This method will also be applied if a bank, building society or credit union operates under different trading names. Elavon Financial Services DAC, UK Branch also trades under ▇.▇.▇▇▇▇ Global Corporate Trust. This means that all eligible deposits with one or more of these trading names are in total covered up to £85,000. In some cases eligible deposits which are categorised as "temporary high balances" are protected above £85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including: (a) certain transactions relating to the depositor's current or prospective only or main residence or dwelling; (b) a death, or the depositor's marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity; (c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction. More information can be obtained under ▇▇▇▇://▇ w w .fscs. org .u k 13 Limit of protection for joint account In case of joint accounts, the limit of £85,000 applies to each depositor. However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000.

General limit of protection. If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers a maximum of £85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with £80,000 and a current account with £20,000, he or she will only be repaid £ 85,000. This method will also be applied if a bank, building society or credit union operates under different trading names. Elavon Financial Services DAC, UK Branch also trades under ▇.▇.▇▇▇▇ Global Corporate Trust. This means that all eligible deposits with one or more of these trading names are in total covered up to £85,000. In some cases eligible deposits which are categorised as "temporary high balances" are protected above £85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including: (a) certain transactions relating to the depositor's current or prospective only or main residence or dwelling; (b) a death, or the depositor's marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity; (c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction. More information can be obtained under ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇ w w .fscs. org .u k 13 3 Limit of protection for joint account In case of joint accounts, the limit of £85,000 applies to each depositor. However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000.

General limit of protection. If a covered deposit is unavailable because a bank, building society or credit orcredit union is unable to meet its financial financia l obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers a maximum of £85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with accountwith £80,000 and a current account with anda currentaccountwith £20,000, he or she orshe will only be repaid £ berepaid £85,000. This method will also be applied if a ifa bank, building society or credit union creditunion operates under different trading names. Elavon Financial Services DAC, UK Branch also trades under ▇.▇.▇▇▇▇ Global Corporate Trust. This means that all eligible deposits with one or more ormore of these trading names are in total covered up coveredup to £85,000. In some cases eligible deposits which are categorised as "“temporary high balances" ” are protected above £85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including: (a) certain transactions relating to the depositor's ’s current or prospective only or main residence or dwelling; (b) a death, or the depositor's ’s marriage or civil partnership, divorce, retirement, dismissaldismissa l, redundancy or invalidity; (c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction. More information can be obtained under ▇▇▇▇://▇ w w .fscs. org .u k 13 Limit of protection for joint account In case of joint accounts, the limit of £85,000 applies to each depositor. However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000.k