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Special Rules regarding Calculation of Interest of Complementary Deposit Facility for Money Reserve Funds

March 15, 2016
Revision:January 31, 2017
September 19, 2018

1. Purpose

In light of the functions of the money reserve funds for settlement of securities trading, for the time being, the Bank established special rules for calculation of interest of complementary deposit facility, stipulated in Paragraph 5. of the "Principal Terms and Conditions of Complementary Deposit Facility" (Policy Board Decision on January 29, 2016, hereinafter referred to as the "Principal Terms and Conditions").

2. Calculation of Interest

In calculating the interest of an institution which is a trustee of a money reserve fund (in case sub trust is conducted for a money reserve fund, an institution which is a sub trustee of the money reserve fund), the smaller of the following two is added to the amount of the sum prescribed in Paragraph 4. (3) of the Principal Terms and Conditions.

  1. (1) The amount outstanding of money reserve funds entrusted to the institution during the Benchmark Period.
  2. (2) The amount outstanding of money reserve funds entrusted to the institution during the Designated Reserve Maintenance Period.

Supplementary Provision

Those special rules shall be applied to calculation of interest on and after the reserve maintenance period starting from April 16, 2016.