Information regarding the Financial Services Compensation Scheme

R Raphael & Sons PLC trading as Raphaels Bank, is authorised and regulated by the Financial Services Authority.

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if they are eligible and a regulated firm (Bank) is unable to meet its financial obligations to pay claims against it. This may be the result if the firm (Bank) stops trading or is insolvent. Compensation limits apply depending upon the type of claim to be registered.

Deposits

Your eligible deposits with R. Raphael & Son PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.

An eligible depositor is entitled to claim up to £85,000 for money held in a Bank or Building Society in the UK. For joint accounts, each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositors' accounts with the Bank, including their share of any joint account, and not to each separate account.

Most retail consumers (including private individuals and some small businesses) are eligible under the Scheme.

For further information on the conditions and details governing compensation please refer to the FSCS website at www.fscs.org.uk or call 0800 678 1100 or 0207 892 7300.

December 2011