From: rob 
Newsgroups: uk.finance
Date: Mon, 31 May 2004 22:08:46 +0100
Subject: Re: ING Direct - savings rates

On 2004-05-30 22:12:05 +0100, "TJM"  said:

> "rob"  wrote in message
> news:40b91000$0$25324$cc9e4d1f@news-text.dial.pipex.com...
>> On 2004-05-29 09:10:28 +0100, PeterG  said:
>> 
>> The maximum level of compensation you can receive from the Scheme for
>> a deposit claim is £31,700 (100% of £2,000 and 90% of the next £33,000).
>> 
>> The compensation limit applies to each depositor and covers the total
>> of all their deposits held with that firm............
> 
> What's the definition of firm?
> 
> eg If I had £30,000 with Halifax, £30,000 with Birmingham Midshires and
> £30,000 with Intelligent Finance (all of which are part of the Halifax Bank
> of Scotland plc group) - are all three lots covered, ie 3 x (£2,000 + 90% x
> £28,000) or just the total at £2,000 + 90% x £33,000 (max limit £35,000)?

I would imagine that for each separate legal entity the full amount for 
each would apply.
-- 
-
rob (at) tohunga dot co dot uk