6.3.7.2 Insurance Calculation
Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) for Non Contingent Interests are applied at:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer- Account Participant level
For IRR, this translates to:
Legal Entity/Separately insured branch- IRR- Grantor- Beneficiary level
Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) for Contingent interests are applied at:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer level
For IRR, this translates to:
Legal Entity/Separately insured branch- IRR-Grantor level