Re:A Crash in the Dollar Is Coming
by polotics on Tuesday June 09, 2020 @12:42PM
(#23468182)
Safe deposit box: an asset of the bank in case of liquidation, the contents is not yours when you'd most need it.
Insured: Also a counterparty risk: solvability of the insurance company.
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Re:A Crash in the Dollar Is Coming
by polycaster on Tuesday June 09, 2020 @02:05PM
(#23469075)
At least here where I live (Germany) deposit content is not an asset of the bank (“Sondervermögen”). It cannot be used for liquidation if things go south for the bank. I assume this is true for most parts of the globe.