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Special Rules for Small-Lot Investments and Loans to Enhance the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth Conducted through the Loan Support Program (Invalid)

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March 13, 2012
Revision: April 10, 2012
December 20, 2012
March 11, 2014
March 17, 2015
January 29, 2016
January 31, 2017
January 23, 2018
January 23, 2019

1. Purpose

With the aim of further enhancing private financial institutions' efforts to strengthen the foundations for economic growth in wide-ranging areas, the Bank established special rules that supplement the "Principal Terms and Conditions for the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth Conducted through the Loan Support Program" (Policy Board Decision on June 15, 2010, hereinafter referred to as the "Principal Terms and Conditions"). The special rules shall be applied when financial institutions make investments and loans each of which amounts to 1 million yen or more but less than 10 million yen (hereinafter referred to as "small-lot investments and loans").

2. Amount of Each Loan

The amount extended to each counterparty for each loan is the amount the counterparty wishes to borrow. Notwithstanding 8. of the Principal Terms and Conditions, such amount shall not exceed the maximum amount of loans prescribed in 3. and the unused value of the total standing pool of eligible collateral pledged to the Bank.

3. Maximum Amount of Loans, etc.

  1. (1) The amount of loans pursuant to the special rules shall be included in the calculation of the total amount of loans to each counterparty pursuant to 9.(1) of the Principal Terms and Conditions.
  2. (2) Notwithstanding 9.(2) of the Principal Terms and Conditions, the maximum amount to be lent to each counterparty at each loan disbursement pursuant to the special rules shall be the amount calculated by subtracting the amount in (b) and (c) below from the amount in (a), on a date specified by the Bank.
    1. (a) The amount outstanding of small-lot investments and loans with a maturity of one year or more made by the counterparty on and after April 1, 2010, pursuant to the plan to support strengthening the foundations for economic growth stipulated in 12. of the Principal Terms and Conditions.
    2. (b) Of the amount outstanding of small-lot investments and loans that is specified in (a),
    3. (c) The amount outstanding of loans to each counterparty disbursed pursuant to the special rules.

4. Prepayment

Notwithstanding 10.(2) of the Principal Terms and Conditions, in case the amount calculated by subtracting the amount in 3.(2)(b) from the amount in the 3.(2)(a) falls short of the amount in 3.(2)(c) for loans disbursed pursuant to these special rules on a day specified by the Bank, the counterparty shall repay the amount equivalent to the shortfall, pursuant to the Bank's relevant rules.

5. Deadline for Applications for New Loans

The date stipulated in 3.(2) shall be not later than March 31, 2020.

6. The Plan to Support Strengthening the Foundations for Economic Growth

When applying the special rules, the term, "funds received, either borrowed or invested from financial institutions, for a period of no less than one year" in 1. of Annex 1 and the term, "lendings and investments ... for a period of no less than one year" in 1. of Annex 2 to the Principal Terms and Conditions shall be deemed to be replaced with "small-lot investments and loans made for a period of no less than one year."

Supplementary Provision

The special rules shall become effective today and shall be valid through June 30, 2024.

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