Financial Services Compensation Scheme and Scrip issue: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Add reference to Scrip dividend.)
 
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(FSCS).
An issue of bonus shares in proportion to existing shares held.


The UK scheme that guarantees certain bank and building society depositors' funds - subject to limits - should the bank or building society fail.
A 'one-for-one' scrip issue would mean that one new share was issued for each share held.  This would effectively halve the share price; each shareholder would still have the same share value.


 
== See also ==
With effect from 2016, the guaranteed amount in the UK is limited to £75,000.
* [[Share split]]
 
* [[Scrip dividend]]
(It was previously £85,000.)
 
 
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
 
 
==See also==
* [[Deposit Guarantee Scheme]]
* [[Deposit insurance]]
* [[DGSD]]
* [[International Association of Deposit Insurers]]
* [[Retail]]
* [[Stability]]

Revision as of 21:59, 19 August 2013

An issue of bonus shares in proportion to existing shares held.

A 'one-for-one' scrip issue would mean that one new share was issued for each share held. This would effectively halve the share price; each shareholder would still have the same share value.

See also

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