Temporary Rules regarding the Eligibility Standards for Loans on Deeds to Companies Denominated in the U.S. Dollar
January 29, 2016
Revision:April 28, 2016
January 31, 2017
June 20, 2019
March 19, 2024
- In light of facilitating monetary operations, for the time being, loans on deeds to companies denominated in the U.S dollar (USD) shall become eligible collateral, notwithstanding 4. (1) (c) of the "Guidelines on Eligible Collateral" (Policy Board Decision on October 13, 2000).
- Collateral prices for eligible loans on deeds to companies denominated in the USD, according to their residual maturities, shall be calculated by multiplying outstanding principal balances (yen equivalent) by the margins calculated according to 3. (2) and (3) of the "Guidelines on Eligible Collateral".
- The "Temporary Rules regarding the Eligibility Standards for Debt of Companies and Municipal Governments" (Policy Board Decision on June 20, 2019) shall not be applied in loans on deeds to companies denominated in the USD.
Supplementary Provision
The temporary rules shall become effective as soon as the preparatory work to accept eligible loans on deeds to companies denominated in the USD as collateral is completed, and a specific effective date shall be determined by the Governor.