CANADA INSURANCE DEPOSIT CORPORATION KEY FUNCTION OF CDIC...

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CANADA INSURANCE DEPOSIT CORPORATION
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KEY FUNCTION OF CDIC The corporation mandate is to provide insurance against the loss of part or all deposits. To promote and contribute to the stability of the financial system in Canada Insuring that all eligible deposits at CDIC member institutions in the event of failure, including monitoring and assessing the risks of member institutions building preparedness for resolutions, exercising its powers to resolve failing member institutions, managing and investing funds accumulated from the operations of the Corporation; and, promoting public awareness of CDIC deposit insurance.
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MISSION AND VISION Earning the trust of Canadians as a global leader in deposit insurance and resolution Eligible deposits are automatically covered to a limit of $100000.00 per insured category at each CDIC member financial institution institution
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Principles/ Rules including examples CDIC cover the following : Savings account Chequing accounts
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  • Fall '17
  • Financial services, Cheque, CDIC, CDIC member

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