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Customer
Asset Protection Company ("CAPCO") is an insurance company currently licensed
by the state of Vermont. Until early 2009, CAPCO provided to participating securities broker/dealers protection over the
protection limits currently provided by the
Financial Services Compensation Scheme ("FSCS")
for institutional and individual clients' securities
accounts. The FSCS is administered by the Financial
Services Authority ("FSA").
Because all outstanding CAPCO surety bonds expired in February 2009, only customers of
Lehman Brothers Inc. and
Lehman Brothers International (Europe)
both of which are the subject of insolvency proceedings commenced prior to February 2009.
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