[Osmf-talk] Treasurer's Report for the 2018 AGM

Tom Hughes tom at compton.nu
Wed Dec 12 11:32:37 UTC 2018

On 12/12/2018 11:29, Tom Hughes wrote:
> On 12/12/2018 10:57, Frederik Ramm wrote:
>> On 12.12.2018 10:51, Andy Allan wrote:
>>> The other large balances we hold are with Barclays. Admittedly a much
>>> smaller risk that losing access to PayPal, it's worth noting that only
>>> the first £85,000 GBP is covered by the FSCS guarantee. Is this a
>>> concern to the OSMF?
>> It's not something that we have ever thought about. Is the FSCS
>> guarantee even valid for non-natural persons?
> Not generally, no. The conditions say:
>    "You’re a private individual (although some businesses and charities
>     may be eligible, depending on the type of claim)."
>    from https://www.fscs.org.uk/your-claim/eligibility-rules/
> I haven't managed to find details of the exceptions yet...

I think bank deposits might be covered actually. Going to the
leaflet here:


on page 8 we have:

"In general, individuals and small companies can claim compensation
  from us. In the case of deposits, large companies are also able to
  claim compensation, although some exclusions may apply."


Tom Hughes (tom at compton.nu)

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