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Special Rules for Member Financial Institutions of Central Organizations of Financial Cooperatives to Use the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth and the Fund-Provisioning Measure to Stimulate Bank Lending

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March 17, 2015
Revision: January 29, 2016
January 31, 2017
January 23, 2018
January 23, 2019
June 20, 2019
January 21, 2021
January 18, 2022
January 18, 2023
January 23, 2024
March 19, 2024

The Bank established special rules that supplement the principal terms and conditions and their special rules (hereinafter referred to as the "principal terms and conditions, etc.") regarding the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth or the Fund-Provisioning Measure to Stimulate Bank Lending (hereinafter referred to as "the programs") set forth in the "Principal Terms and Conditions for the Loan Support Program" (Policy Board Decision on December 20, 2012).  The special rules shall be applied when member financial institutions of central organizations of financial cooperatives* without a current account at the Bank (hereinafter referred to as "member financial institutions") use the programs through their central organizations who are eligible counterparties of the programs.

  • The Shinkin Central Bank, the Shinkumi Federation Bank, the Rokinren Bank, and the Norinchukin Bank.
  1. The Bank shall provide loans to central organizations of financial cooperatives of which each member financial institution uses the programs.
  2. The maximum amount of loans and the maximum outstanding amount of loans (hereinafter referred to as the "maximum amount of loans, etc.") to each central organization of financial cooperatives shall be set as the sum of the maximum amount of loans, etc. for its own use and the maximum amount of loans, etc. of each member financial institution that uses the programs calculated following the principal terms and conditions, etc.
  3. Member financial institutions shall formulate plans for lending or investment with an aim to support strengthening the foundation for economic growth, in line with the management policy (a policy on plans for each financial cooperative group to lend or invest with an aim to support strengthening the foundation for economic growth and a policy on managing the programs for themselves and member financial institutions) formulated by central organizations of financial cooperatives and admitted by the Bank.
  4. Central organizations of financial cooperatives shall distribute funds provided by the Bank under the programs to member financial institutions based on the amount to be used. Duration, interest rate, and other conditions of the loans to member financial institutions shall be equivalent to those of the loans disbursed by the Bank to central organizations of financial cooperatives.
  5. Central organizations of financial cooperatives, upon requests by their member financial institutions to use the programs, shall ensure adequate credit risk management to their member financial institutions, and shall implement necessary measures to properly carry out their operations under these special rules in compliance with the aim of the programs.
  6. The Bank can implement necessary measures such as suspension of loan disbursements under these special rules to specific member financial institutions and central organizations of financial cooperatives in case they are inconsistent with the special rules.

Supplementary Provision

The special rules shall become effective today and shall be valid through March 31, 2028.