What if my account has assets exceeding $1 million?
CIPF's coverage is determined after all available assets of the insolvent Member are returned to customers by a trustee/receiver. Since industry regulations require customer securities be held in acceptable locations, like CDS clearing and Depository Services Inc., or in the case of mutual funds, in book-based systems, most customer assets will likely be available to be returned. if you do have a shortfall after the trustee's distribution, you will have a claim against CIPF, in accordance with the CIPF Coverage Policy, but it is unlikely that the amount will exceed $1 million.
For more information, please refer to the CIPF Coverage Policy.