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Your investment with Oxford is guaranteed by parent company Electra
Oxford is Government Guaranteed
Oxford Finance Limited is an approved institution under the New Zealand deposit guarantee scheme until 12 October 2010. Oxford Finance has decided not to apply for the extension to the Government Guarantee.
Under the scheme, announced on 12 October 2008, the Crown guarantees people who have deposits with approved institutions in the scheme. It only covers deposits and other debt securities. There is a deposit coverage cap of $1 million per depositor, per covered institution.
Further information about the deposit guarantee scheme is available on the Treasury website.
The site features an excellent question and answer explanation of the scheme: General Questions and Answers about Deposit Guarantee Scheme.
Not all institutions are covered
The Government scheme is only available via approved institutions only - check out the link below if you are uncertain about any of your existing investments.
List of Approved Institutions.
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