TMSF

The deposit insurance system is the most developed organization established for the protection of the deposit until today. The system works based on the following mechanisms; the depositor, the bank accepting the deposit and the organization insuring the deposit. The power invested in it comes from the legal rules based on the laws of the country. The organization insuring collects premium at a certain amount against this transaction. The organization becomes a part of the activity in the event that the bank to which the deposit is entrusted cannot pay the deposit of the depositor in accordance with the provisions stated in the relevant legislation. It pays the deposit equaled to the insured amount to the depositor or depositors. It also initiates the legal action against the bank which struggles to make payment in order to recover the amounts paid.