9.1.2 Allocation of Deposit Insurance

As part of the HKMA Run, the application allocates the deposit insurance to accounts based on the guidelines specified by the DPS. The insurance limit captured against each Deposit Insurance Scheme is allocated to the insurance eligible accounts under that scheme based on the ownership category and the depositor combination. The customer under consideration should not be an Excluded Party. An excluded party is one where the party's deposits are not eligible to be covered under Deposit Insurance Scheme. As per the Hong Kong Deposit Protection Scheme, Licensed Banks, Senior Management, Controllers and Directors of the Scheme member and its related companies are not eligible for Deposit Insurance.