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IX
3.1.2.4 Alternative funding arrangements
....................................................... 97
3.1.3 Mandatory contributions............................................................................98
3.2 Calculation of credit institutions’ contributions to DGSs
..............................98
3.2.1 General provisions ......................................................................................98
3.2.2 In particular: use of DGSs’ own risk-based methods ...............................100
3.2.3 The role of the EBA...................................................................................100
Section E:
Repayment of covered deposits
1. Extent of coverage
................................................................................................103
1.1 Definition of the term ‘deposit’
.....................................................................103
1.1.1 Items included ..........................................................................................103
1.1.2 Items excluded .........................................................................................103
1.2 Eligible and non-eligible deposits
..................................................................105
1.2.1 Mandatory exclusion ................................................................................105
1.2.1.1 Introductory remarks
......................................................................... 105
1.2.1.2 Categories of ‘non-eligible’ deposits
.................................................. 106
1.2.2 Member States’ discretions ......................................................................109
1.2.2.1 Optional inclusion
.............................................................................. 109
1.2.2.2 Optional exclusion
............................................................................. 109
1.3 Coverage level
..................................................................................................111
1.3.1 From Directive 94/19/EC to Directive 2014/49/EU ...................................111
1.3.2 The rule.....................................................................................................112
1.3.3 In particular: Member States with a derogation .....................................113
1.3.4 Exemptions ...............................................................................................113
1.3.4.1 Permanent exemptions
....................................................................... 113
1.3.4.1.1 Compulsory exemption: ‘temporary high balances’
.................................... 113
1.3.4.1.2 Optional exemption: old-age pension schemes
.......................................... 114
1.3.4.2 Transitional exemption
...................................................................... 115
1.3.5 Transitional provision ...............................................................................116
1.3.6 Institutional aspects .................................................................................116
1.3.6.1 Review of the coverage level by the Commission
................................ 116
1.3.6.2 Delegated act by the Commission
...................................................... 116
2. Protection of covered deposits in the case of a credit institution’s
resolution: the provisions of the BRRD
............................................................118