6.3.13.1 Insurance Limit
Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer- Account Participant level
For PBA this would be:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Public Unit- Bondholder- level
Bondholders will be insured for up to SMDIA for all bonds issued by the same issuer regardless of whether there are different series involved.