The open cover shallstipulatethe scope of cover, the range of propertyinsured, the maximumamount of insuranceeachriskorat each place and the method of settlingpremium, etc.
Economists at Citigroup reckon that a fund ought to start with a baseline of 2% of insured deposits, and then top up that amount with an additional premium to reflect the risk that peripheral countries may leave the euro and that their currencies would then depreciate.