By-laws of the Deposit Protection Fund

have been agreed shall only be protected if the creditor may terminate
or otherwise reclaim the deposit within a period of 12 months at most
on the conditions applying at the time when the compensation event was
determined pursuant to Section 10 (1) of the German Deposit Guarantee
Act. For the purposes of this Section 6, non-financial companies shall mean
domestic and foreign profit-making companies whose main activity consists
of producing goods of a non-financial nature and selling them in exchange
for a consideration or of providing non-financial services in exchange for
a consideration and which do not belong to the categories of companies
mentioned in subsection 4 (a), (c) and (g).
4. Deposits of the following creditors, even those within the meaning of
subsections 2 and 3, shall under no circumstances be covered by the Fund:
(a) financial sector entities, especially those within the meaning of Article 4(1)
(27) of the CRR, and collective investment undertakings within the meaning
of Article 4(1)(7) of the CRR as well as their management companies and
comparable entities (including those outside Germany), but in each case
with the exception of those covered by subsection 3, sentence 1, point (iv);
(b) the German federal government, a German federal state, a municipality or
another central, regional or local authority, another country or a regional
government or a local authority of another country;
(c) other corporations or agencies incorporated under German or foreign public
law with the exception of those covered by subsection 3, sentence 1, point
(ii), (iii) or (iv);
(d) members of the bank’s senior management;
(e) members of the administrative or supervisory board of the bank;
(f) general partners of the bank, also if they are not a manager;
(g) natural or legal persons or partnerships which hold the majority of the
shares in the bank or which, on their own or together with others, may
28 By-laws Section 6