Company or Partnership with eligible deposits of £30,000


This example applies to a company or partnership with an account in its name of £30,000. The example shows the amount of compensation the account holder will receive in circumstances where it claimed from the Isle of Man Government Early Payment Schemes and received the full amount of £10,000; and where no EPS claim was made.


Compensation calculation       
       EPS claimed        No EPS claimed
Deposit £30,000 £30,000
Compensation due 20,000 20,000
EPS received 10,000 -
Net compensation due £10,000 £20,000


Recoveries from liquidator
EPS claimed
               50%            60%            70%            80%
Value of recovery £15,000 £18,000 £21,000 £24,000
Retained by EPS 10,000 10,000 10,000 10,000
Retained by DCS 5,000 8,000 10,000 10,000
Further payments to depositor* - - 1,000 4,000

* Further payments made by the liquidator
    may be subject to a recovery of costs


Recoveries from liquidator
No EPS claimed
               50%            60%            70%            80%
Value of recovery £15,000 £18,000 £21,000 £24,000
Retained by DCS 15,000 18,000 20,000 20,000
Further payments to depositor* - - 1,000 4,000

* Further payments made by the liquidator
    may be subject to a recovery of costs