YEAROF
ESTABLISHMENT
(SEPT. 1985)
CHANGES (SEPT. 1985~PRESENT)
FINANCIAL
INSTITUTIONS
RISK-BASED
PREMIUMRATES
FLATPREMIUM
RATE
Domesticbanks,
local branchesof
foreignbanksand
mainlandChinese
banks
Five-tier rates:
0.05%, 0.06%,
0.08%,0.11%,and
0.15%
0.005%
Credit
cooperatives
Five-tier ratesof
0.04%, 0.05%,
0.07%, 0.1%, and
0.14%
0.005%
Credit
departments
of farmers’ and
fishermen’s
associations
Five-tier ratesof
0.02%, 0.03%,
0.04%,0.05%,and
0.06%
0.0025%
Maximum
Coverage
NT$700,000
•
Increased toNT$1milliononAugust 15, 1987.
•
In July 2001, the government passed the
Statute for the
Establishment andManagement of the Executive Yuan’s
Financial RestructuringFund
andestablished theFinancial
Restructuring Fund to dispose of unsound financial
institutions. During the period of the Fund’s operation,
there was no maximum coverage on the deposits in
unsound institutionsunder disposal or listed for disposal.
•
Increased toNT$1.5milliononJuly1, 2007.
•
To stabilize the financial system and strengthen the
confidence of depositors, the government announced
in October 2008 that, until December 31, 2009, the
deposits in insured institutions would be provided with
temporary full coverage andwould not be subject to the
maximum coverage. In October 2009, the government
announced that the period of temporary full deposit
insurance coverage would be extended onemore year
untilDecember 31, 2010.
•
On August 12, 2010, the Financial Supervisory
Commission, theMinistryof Financeand theCentral Bank
jointly announced that themaximum coverage would be
increased toNT$3million fromJanuary1, 2011.
66
Central Deposit Insurance Corporation 30Years inRetrospect
