Amendment to Guidelines on Eligible Collateral
March 16, 2004
Bank of Japan
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided to accept loans on deeds to the Banks' Shareholdings Purchase Corporation with government guarantee as eligible collateral for the Bank's provision of credit to facilitate the Bank's money market operations (see Attachmentfor the amended Guidelines on Eligible Collateral).
Attachment
Amendment to Guidelines on Eligible Collateral
- Paragraph 4. (3) shall be amended as follows.
(3) Procedures for Eligibility Assessment
As for collateral other than government bonds, financing bills, government-guaranteed bonds, municipal bonds issued through public offering, loans on deeds to the Government's Special Account for the Allotment of Local Allocation Tax and Local Transfer Tax, loans on deeds to the Deposit Insurance Corporation with government guarantee,and loans on deeds to the Industrial Revitalization Corporation of Japan with government guarantee, and loans on deeds to the Banks' Shareholdings Purchase Corporation with government guarantee, the Bank shall assess the eligibility upon request of a financial institution that maintains a current account with the Bank (such institution hereinafter referred to as the"counterpart financial institution"). In the case of corporate debt obligations, the creditworthiness of obligors shall be evaluated in accordance with Guidelines on Credit Ratings of Companies (Policy Board Decision on October 13, 2000).
- Table 1 shall be amended as follows.
- Table 2 shall be amended as follows.
