Regulations Governing the Advance Payments to Depositors by the Central Deposit Insurance Corporation Article 8

When making advance payments, the CDIC shall, in accordance with the address for correspondence left by the uninsured creditor with the closed insured institution, notify the creditor in writing of the following items:1. The amount of the advance payments.2. The claims that are not included in the advance payments.3. The claims on the closed insured institutions, after the uninsured creditors receive the advance payments, are extinct within the scope of the amounts received.To receive the amount of the advance payments, the uninsured creditor shall fill in the form for receipt of the advance payments with his or her own account number that he or she holds in other financial institutions. After signing or affixing his or her chop to the form, he or she shall mail it to or take it directly to the place designated by the CDIC, so that the CDIC can handle the remittance.If the uninsured creditors are unable to receive the advance payments in accordance with the approach referred to in the previous Paragraph or have differences of opinion over the items, and cannot help but deal with them over the counter, they shall provide their ID, eligibility and original documentation of related rights certificate, and deal with the matter in person at a location designated by the CDIC. After the CDIC verifies that there are no errors or upon re-examination finds that there are no further differences of opinion, the creditor shall fill in the forms for the receipt of advance payments, and shall designate an account number for remittance or apply for a non-endorsable, non-negotiable check made payable to himself or herself, in order to receive the advance payments. If there is still any difference of opinion against the result of the re-examination, the uninsured creditor may first apply for CDIC's making advance payments to those amounts where there are no differences of opinion.