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Temporary Rules regarding Eligibility Standards for Asset-backed Commercial Paper and Dematerialized Asset-backed Commercial Paper (Invalid)


October 14, 2008

Revision:February 19, 2009
July 15, 2009
October 30, 2009

  1. When assessing the eligibility of asset-backed commercial paper and dematerialized asset-backed commercial paper, the Bank shall not apply paragraph 5. of Guidelines on Eligible Collateral, which stipulates that the debt obligations guaranteed by the Bank's counterparty financial institutions and their affiliates shall be ineligible.
  2. When the Bank, with the view to maintain the soundness of its assets, deems it necessary to review the creditworthiness of specific assets and other procedures, the Bank may make exceptions to the rule set forth in paragraph 1.
  3. Above rules shall become effective on the day designated by the Governor, which shall be no later than October 31, 2008, and shall be valid through December 31, 2010.