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(d) the net amount due to any depositor of the licensed financial institution in excess of the amount due under paragraph (c), if any, except to a depositor identified in paragraph (e); (e) the net amount of deposits due to directors, officers and significant shareholders of the licensed financial institution; (f) national insurance contributions for officers and employees due but not paid; (g) taxes, rates and deposits owed to [Territory] and local authorities concerned; (h) unsecured credits extended to the licensed financial institution or licensed financial holding company prior to the appointment of the receiver; (i) subordinated debt; (j) fees and assessments due to the Central Bank.

(3) After payment of all other claims filed, with interest at a rate to be fixed by the Central Bank, any remaining claims which were not filed within the prescribed time shall be paid.

(4) After payment of all claims filed, any remaining allowable claims that were not filed within the time specified by rule for the filing shall be paid.

(5) Any proceeds remaining after all claims of depositors and other creditors have been paid shall be distributed among the shareholders of the licensed financial institution or licensed financial holding company in accordance with their rights.

(6) Notwithstanding subsection (2), the Central Bank may take actions that would treat similarly situated creditors differently, but only if the Central Bank determines that: (a) the category of claims that are benefitted by the action are of strategic importance to the economy or the action is necessary to contain potential systemic impact or to maximise the value for the benefit of all creditors as a whole; and (b) no creditor will receive less in the liquidation than it would have without the disparate treatment.

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