By-laws of the Deposit Protection Fund

Thereafter, the deposits of the individual joint account holders arising from their
personal relationship with the bank shall be protected first. If such deposits
do not exhaust the protection ceiling, the portion of the joint credit balance
pertaining to the individual account holder shall be used to protect the joint
credit balance. The foregoing provisions shall apply analogously to accounts
held in the name of an association of condominium owners.
12. Within the limits of the protection ceiling, payments shall also cover any interest
claims for the period until determination of the compensation event pursuant
to Section 10 (1) of the German Deposit Guarantee Act. However, the Fund
shall make payments only for interest at market rates. The Fund may subject
the making of all payments to an individual creditor to the condition that such
creditor waives the assertion of interest claims against the bank which are not
protected pursuant to sentence 2.
13. Compensation for deposits held in foreign currency may be provided in euros.
Calculation of such compensation shall be based on the European Central Bank
(ECB) reference rate applying on the date on which the compensation event was
determined pursuant to Section 10 (1) of the German Deposit Guarantee Act.
Should such a reference rate not be available, the conversion rate prevailing
at the place of payment on the date on which the compensation event was
determined shall apply.
14. If the participation of a bank in the Fund shall terminate, such bank shall give
notice thereof without undue delay to creditors which have deposits with
it and shall bring the consequences of such termination to their attention.
The Banking Association shall publish the termination at the expense of the
bank in the Federal Gazette (Bundesanzeiger) and in a daily newspaper at
By-laws Annex to Section 6 (18)
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