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Is the Guarantee fund compulsory?

April 26, 2017compulsory fund guarantee

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Is the Guarantee fund compulsory?

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YES – it is similar to a savings account that will be credited to your KOOPKRAG account in the event of cancellation of your KOOPKRAG account or your resignation as a member. Interest is payable on the balance of your Guarantee fund at rates as determined by Koopkrag Limited from time to time.