7.1 Is the 'Account balance' field in the SCV file the actual balance on the account in total or the share applicable to the Customer that is used to determine the amount eligible for consideration for compensation?
7.2 How do deposit takers calculate the compensatable balance for term accounts that would normally be payable at a later date?
1. the principal sum on the basis that it is due and payable on that date;
2. interest or premium accrued to that date; and
3. unaccrued interest or premium attributable to or arising in respect of the period to that date.
Also see question 4.11 and 3.18
7.3 How should balances be treated for joint accounts?
The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).