SOURCE ROOM
Basic Knowledge of the Deposit Insurance System
Deposit Insurance Corporation of Japan
Claims Supported by This Source
- The purpose of the deposit insurance system is to maintain the stability of the financial system by protecting depositors and ensuring the smooth settlement of funds.
- When a deposit is made at a covered financial institution, an insurance relationship is automatically established under the Deposit Insurance Act, and no procedure is required on the part of the depositor.
- Covered financial institutions are required to join the system and pay insurance premiums.
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