Deposit guarantee scheme - services & systems
The Central Bank of Ireland (CBI) is responsible for the administration of the Irish Deposit Guarantee Scheme (DGS) which compensates depositors in the event of a credit institution failing. The implementation of the DGS for banks, building societies and credit unions was included in the Bank’s Strategic Plan for 2010-2012 as a key strategy to ensure that the best interests of consumers of financial services are protected. The CBI has established a project to ensure that fast payout within a 20 working day deadline can be facilitated.
In the event of a liquidator being appointed to a credit institution, the CBI is obliged to pay compensation up to Euro100,000 per person per institution within 20 working days to depositors who are deemed eligible under the rules of the scheme. The payout process will be based on receipt of the necessary depositor information from the credit institution. All institutions will be obliged to have the capability to provide the necessary data files within a defined period of time and this capability will be tested from time to time.
The CBI has reviewed the processes and systems necessary to operate the deposit guarantee scheme for credit institutions to meet the obligations imposed by the currently applicable EU legislation, and also additional obligations which may be imposed by further legislative changes.
Note: to register your interest in this notice and obtain any additional information please visit the eTenders web site at
http://www.etenders.gov.ie/Search/Search_Switch.aspx?ID=265659.
Deadline
The time limit for receipt of tenders was 2011-08-03.
The procurement was published on 2011-07-04.
Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
Who?
What?
Where?
Procurement history
| Date |
Document |
| 2011-07-04
|
Contract notice
|
| 2012-04-11
|
Contract award notice
|