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It is important to note that if Silicon Valley Bank were to go into liquidation, deposits maintained in the UK Branch would not have the benefit of deposit insurance of the US Federal Deposit Insurance Corporation. In addition, UK Branch deposits would not have the same preferred status over non-deposit creditors as do deposits payable in the US. This means that depositors of the UK Branch would receive payment from the liquidated Silicon Valley Bank assets only after all uninsured US deposits were fully paid. In that case, you would be an unsecured creditor of Silicon Valley Bank and would be repaid only to the extent that assets remain available after repaying all other secured creditors. Silicon Valley Bank is covered by the UK Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if Silicon Valley Bank is unable to meet its financial obligations.
Your eligible deposits with Silicon Valley Bank UK are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
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For more detailed information about coverage and limits, please review our
FSCS Information Sheet.
© 2018 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license.
Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Silicon Valley Bank is a subsidiary of SVB Financial Group, a Delaware corporation and is an affiliate of SVB Financial Group UK Limited. SVB Financial Group UK Ltd is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. 5572575 and is authorised and regulated by the Financial Conduct Authority, with reference number 446159. SVB Financial Group and its subsidiary Silicon Valley Bank are members of the Federal Reserve System and Silicon Valley Bank is a member of the FDIC.
Silicon Valley Bank is covered by the
Financial Services Compensation Scheme and by the
Financial Ombudsman Service. In relation to the Financial Services Compensation Scheme, please ensure that you review the important information on
depositor preference that affects clients of Silicon Valley Bank in the UK. Details of Silicon Valley Bank’s UK Branch remuneration policies are