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Deposit Insurance Agency (DIA) (Russian: Агентство по страхованию вкладов (АСВ)) is a Russian state corporation (non-profit organization) established in January 2004 to manage operation of the deposit insurance system in the Russian Federation.[2] DIA pays insurance compensations to depositors of failed banks. DIA also exercises bankruptcy administrator functions of insolvent banks,[3] non–governmental pension funds and insurance companies,[4] it is responsible for resolution of banks[5] and managing the system of guaranteeing the rights of insured persons in the mandatory pension insurance system.[6]