Deposit Insurance Premium Rate for FY2012

Press Release

Date: April 1, 2013

During FY2012 (from April 1, 2012 to March 31, 2013) there was no (ⅰ) insurance contingency (Article 49, paragraph 2, items 1 and 2 of the Deposit Insurance Act); (ⅱ) order for a financial administrator to manage the business and properties of the failed financial institution (Article 74, paragraphs 1or 2 of said Act); or (ⅲ) decision by the Prime Minister to take measures stipulated in Article 102, paragraph 1, items 2 or 3 of said Act.  As a result, in accordance with the decision to change the deposit insurance premium rates made at the 228th Policy Board meeting held on March 26, 2012, the deposit insurance premium rates to be applied retroactively from the first day of FY2012 are as the following:

0.068% for general deposits, etc.; and
0.089% for deposits for payment and settlement purposes
Note:   The effective premium rate (a weighted average of the rate for general deposits, etc. and that for deposits for payment and settlement purposes) of the above is 0.07%.

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