1. For the purposes of this Directive the following definitions apply:
(1) "deposit guarantee schemes" or "DGSs" means schemes referred to in point (a), (b) or (c) of Article 1(2);
(2) "institutional protection schemes" or "IPS" means institutional protection schemes as referred to in Article 113(7) of Regulation (EU) No 575/2013;
(3) "deposit" means a credit balance which results from funds left in an account or from temporary situations deriving from normal banking transactions and which a credit institution is required to repay under the legal and contractual conditions applicable, including a fixed-term deposit and a savings deposit, but excluding a credit balance where: (a) its existence can only be proven by a financial instrument as defined in Article 4(17) of Directive 2004/39/EC of the European Parliament and of the Council [Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/
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