Your entitlement to compensation will be calculated on a gross basis up to a maximum protection limit of HK$500,000. Both the principal and interest of the deposits will be included in the calculation of compensation.

Special treatments will be applied to deposits held by multiple depositors or held by an intermediary for the benefit of other persons. For a deposit held in a joint account, each account holder will be entitled to an equal share of the deposit unless there is evidence showing otherwise. For deposits held under a bare trust, or held in a client account, the underlying beneficiary or client is entitled to compensation in respect of the deposit. Each person's share of deposits in these accounts will be added to the deposits held by him or her in determining his or her entitlement to compensation.

Examples of how compensations are calculated
The following examples show how compensation under the Scheme is calculated for persons holding deposits in different types of accounts.
(All amounts include principal and interest)

Example 1: Deposits held by a single depositor

Depositor	Type	Amount (HK$)
Eligible deposits with the bank
Mr Chan	Savings Account	50,000
Mr Chan	Current Account	500,000
Mr Chan
Protected deposit amount	(50,000 + 500,000)	550,000
Compensation amount		500,000

Example 2: Deposits held in a joint account

Depositor	Type	Amount (HK$)
Eligible deposits with the bank
Mr Lee and Mrs Lee (a joint account)	Time Deposit	1,000,000
Mrs Lee (a single depositor account)	Savings Account	120,000
Mr Lee
Protected deposit amount	(1,000,000/2)	500,000
Compensation amount		500,000
Mrs Lee
Protected deposit amount	(1,000,000/2) + 120,000	620,000
Compensation amount		500,000

Example 3: Deposits held in a bare trust or client account

Depositor	Type	Amount (HK$)
Eligible deposits with the bank
Mr Wong	Current Account	60,000
XYZ Bare Trustee (held in trust for Mr Wong)	Time Deposit	250,000
ABC Brokerage Firm (held for a client, Mr Wong)	Current Account	250,000
Mr Wong
Deposit held by Mr Wong		60,000
Deposit held by XYZ Bare Trustee in trust for Mr Wong		250,000
Deposit held by ABC Brokerage Firm for Mr Wong		250,000
Protected deposit amount	(60,000+250,000+250,000)	560,000
Compensation amount		500,000