Ciclade

Glossary : Letter P

Participation bonus

A participation bonus is one whose amount is determined by rules as set out in the participation bonus agreement. Out of principle, it is deposited in a company savings scheme (PEE) which, under the "Eckert" Act of 13 June 2014, can become dormant and any sums transferred to Caisse des Dépôts.

Passbook account

See "passbook savings account".

Passbook savings account

Passbook savings accounts can be opened in banks for depositing cash over the short term, in preparation for an investment or purchase. The bank is free to determine their interest rate.

Passbook savings account for low-income households (LEP)

Regulated passbook savings account, exempt from tax and social security contributions. The LEP was created to help low-income households deposit their savings under conditions enabling them to maintain their purchasing power.

Passbook savings scheme for young people

Passbook savings scheme for young people

Payment institution

Institutions other than credit institutions and e-money institutions accredited by the ACPR (the authority responsible for supervising the banking and insurance sectors in France) to provide payment services (e.g. institutions that enable customers to send money overseas).

Personal account

On Ciclade.fr, a password-protected space where a claimant whose initial search has yielded results can continue his or her claim. S/he then enters the information required and attaches the documents supporting the account or policy being sought as well as his/her identity. Once his/her claim has been submitted, it is processed by a Caisse des Dépôts operator. All of this data is compared with the information forwarded by the financial institutions to Caisse des Dépôts. If the claimant is identified as a legitimate beneficiary of the sums s/he is claiming, they will be returned to him/her.

Policyholder

Person who signs the form taking out a life insurance policy or capitalisation bond or contract.

Profit-sharing incentive

A profit-sharing incentive is a bonus whose amount and payment conditions are set out in the profit-sharing incentive agreement. Out of principle, it is deposited in a company savings scheme (PEE) which, under the "Eckert" Act of 13 June 2014, can become dormant and any sums transferred to Caisse des Dépôts.