By-laws of the Deposit Protection Fund

(d) is a liability from a bearer bond, order bond or a right comparable to any
of these debt instruments that, by its nature, is tradeable on the capital
markets, or from a comparable debt instrument under foreign law or
(e) was created in connection with transactions because of which persons have
been convicted in criminal proceedings of money laundering within the
meaning of Article 1 (2) of Directive 2005/60/EC or
(f) was created in connection with legal acts that would be challengeable
in insolvency proceedings pursuant to Section 129 et seq. of the German
Insolvency Code (Insolvenzordnung [InsO]), in conjunction with Section 46c
of the German Banking Act, irrespective of whether a reduction of assets is
involved.
3. Deposits of other creditors shall only be protected if
(a) the deposit is not covered by subsection (2), subclauses (a) to (f) and
(b) the deposit is not a liability from a promissory note or a registered bond or
from a comparable debt instrument under foreign law and
(c) the deposit has a maximum term of 18 months. The currently agreed
term of the deposit at the time when the compensation event was
determined pursuant to Section 10 (1) of the German Deposit Guarantee
(Einlagensicherungsgesetz [EinSiG]) Act shall apply. No allowance shall be
made in this respect for any early termination or other reclamation rights
on the part of the creditor or the bank. If the deposit has been renewed,
the terms that expired before renewal shall not be taken into account in its
designated term. Deposits for which no terms have been agreed shall only
be protected if the creditor may terminate or otherwise reclaim the deposit
within a period of 18 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. Deposits which already existed
before 1 January 2020 shall not be subject to the limitation of term. After
90 By-laws Annex to Section 6 (18)