Ciclade

Glossary : Letter B

Bank

Financial institution in which bank accounts and savings products are open in the meaning of the Monetary and Financial Code.

Bankbook

See "passbook savings account".

Bearer bond

The www.ciclade.fr website does not allow searches for bearer bonds. To initiate the examination of your application, contact the financial institution of origin that issued the bearer bond to learn about the procedure for restitution of dormant assets resulting from these contracts (note: the restitution procedure may differ from one institution to another and it is important to follow the instructions that are given to you by the institution to ensure the processing of your application). Once the bearer bond(s) has/have been checked by the insurance organisation, you will be issued with a certificate of authenticity. You may then contact the Caisse des Dépôts to proceed with the examination of your application:

Dedicated line for private customers: 0 809 40 40 41 (calls from landlines and mobiles are charged at the local rate, additional charges depend on your operator), Monday - Friday from 9am – 5pm.

Dedicated line for notaries: 0 809 40 40 46 (calls from landlines and mobiles are charged at the local rate, additional charges depend on your operator), Monday to Friday from 9am to 5pm.

Bearer bond(s)

The www.ciclade.fr website does not allow searches for bearer bonds. To initiate the examination of your application, contact the financial institution of origin that issued the bearer bond to learn about the procedure for restitution of dormant assets resulting from these contracts (note: the restitution procedure may differ from one institution to another and it is important to follow the instructions that are given to you by the institution to ensure the processing of your application). Once the bearer bond(s) has/have been checked by the insurance organisation, you will be issued with a certificate of authenticity. You may then contact the Caisse des Dépôts to proceed with the examination of your application:

Dedicated line for private customers: 0 809 40 40 41 (calls from landlines and mobiles are charged at the local rate, additional charges depend on your operator), Monday - Friday from 9am – 5pm.

Dedicated line for notaries: 0 809 40 40 46 (calls from landlines and mobiles are charged at the local rate, additional charges depend on your operator), Monday to Friday from 9am to 5pm.

Beneficiary

Person named by the policyholder in the beneficiary clause of a life insurance policy to receive the benefits covered when the policy expires in the event of a life or death policy. Depending on the type of policy taken out, the beneficiary and the insured person may not be the same person:

  • if a life insurance policy is taken out: the policyholder can be both the insured person and the beneficiary; a third party can also be named a beneficiary.
  • if a policy providing cover in the event of death is taken out: the insured person is different from the beneficiary and, in this situation, the capital or annuity is paid to the latter when the policy expires.

Any natural person or legal entity with reason to believe they are a beneficiary of a life insurance policy whose policyholder died within the last ten years can contact the AGIRA.

On Ciclade.fr, the term "beneficiary" also refers more broadly to anyone able to recover sums that have been transferred to Caisse des Dépôts, either because they are the holder of an account, life insurance policyholder or beneficiary or entitled party of an account holder or life insurance policyholder.

Benificiary clause

Life insurance policy clause in which the policyholder names one or more beneficiaries.