Minutes of the 266th Policy Board Meeting of the DICJ

Date of resolution: November 13, 2018 (Tuesday), 10:30 - 10:43

Resolutions

1. Decision on the purchase of specified difficult recovery claims from financial institutions

  • The head of the department in charge provided the following explanations:
    This resolution concerns the system under which the DICJ purchases specified difficult recovery claims held by financial institutions. The DICJ will purchase assets for which financial institutions have recently applied.

    The Committee for Screening Purchase of Specified Difficult Recovery Claims, a third-party organization, had conducted deliberations on the appropriateness of the purchase of the relevant specified difficult recovery claims and on the purchase prices, and the Committee had expressed to the DICJ Governor its opinion that the said purchase would be appropriate.

  • Deliberations on "Resolution (Proposal) 1" were conducted after questions and opinions were solicited from the Policy Board members, and the resolution was adopted as proposed.

2.  Terms applicable when entrusting the purchase of specified difficult recovery claims to the Resolution and Collection Corporation

  • The head of the department in charge provided the following explanations:
    This resolution establishes the terms applicable when entrusting the purchase of the specified difficult recovery claims noted in 1. above to the Resolution and Collection Corporation. Under this resolution, the purchase price would be presented by the DICJ, any profit arising in relation to the purchased assets would be paid to the DICJ, and the DICJ would compensate for any loss that might arise.

  • Deliberations on "Resolution (Proposal) 2" were conducted after questions and opinions were solicited from the Policy Board members, and the resolution was adopted as proposed.

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