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fdic_notes [2023/03/10 20:12] – adminfdic_notes [2023/03/10 20:13] – [qna] admin
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 ==== qna ==== ==== qna ====
-??? What is an advanced dividend?+??? What is an advance dividend?
 !!! From https://www.fdic.gov/bank/historical/reshandbook/glossary.pdf !!! From https://www.fdic.gov/bank/historical/reshandbook/glossary.pdf
 > A payment made to an uninsured depositor after a bank or thrift failure. The amount of the advance dividend represents the FDIC’s conservative estimate of the ultimate value of the receivership.  Cash dividends equivalent to the board-approved advance dividend percentage (of total outstanding deposit claims) are paid to uninsured depositors, thereby giving them an immediate return of a portion of their uninsured deposit. Sometimes when it is projected that all depositor claims will be paid in full an advance dividend will be provided to unsecured creditors. > A payment made to an uninsured depositor after a bank or thrift failure. The amount of the advance dividend represents the FDIC’s conservative estimate of the ultimate value of the receivership.  Cash dividends equivalent to the board-approved advance dividend percentage (of total outstanding deposit claims) are paid to uninsured depositors, thereby giving them an immediate return of a portion of their uninsured deposit. Sometimes when it is projected that all depositor claims will be paid in full an advance dividend will be provided to unsecured creditors.
fdic_notes.txt · Last modified: 2023/03/10 23:22 by admin