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Article 16Trust Agreements for Security Deposits for Issuance

第十六条(発行保証金信託契約)

If an issuer of prepaid payment instruments concludes a trust agreement of security deposits for issuance with a trust company, etc. (meaning a trust agreement whose purpose is to apply the trust property to assign security deposits for issuance in response to an order by the Prime Minister and the provisions which prescribe that the trust company, etc. is to carry out necessary acts including the management of the trust property for the achievement of the purpose; the same applies hereinafter in this Chapter) and notifies the Minister to that effect, it may choose not to deposit all or part of the security deposits for issuance with regard to the amount of the trust property, for the period during which the trust property is entrusted based on the trust agreement for security deposits for issuance.

前払式支払手段発行者は、信託会社等との間で、発行保証金信託契約(当該信託会社等が内閣総理大臣の命令に応じて信託財産を発行保証金の供託に充てることを信託の目的として当該信託財産の管理その他の当該目的の達成のために必要な行為をすべき旨の信託契約をいう。以下この章において同じ。)を締結し、その旨を内閣総理大臣に届け出たときは、当該発行保証金信託契約に基づき信託財産が信託されている間、当該信託財産の額につき、発行保証金の全部又は一部の供託をしないことができる。

A trust agreement for security deposits for issuance must prescribe the following particulars:

発行保証金信託契約は、次に掲げる事項をその内容とするものでなければならない。

the beneficiaries of the trust agreement for security deposits for issuance must be the holders of prepaid payment instruments issued by the issuer of prepaid payment instruments who is the party to the trust agreement for security deposits for issuance;

発行保証金信託契約を締結する前払式支払手段発行者が発行する前払式支払手段の保有者を受益者とすること。

an agent of the beneficiaries must be appointed;

受益者代理人を置いていること。

a trust company, etc. must realize the trust property and deposit the proceeds thereof in response to an order by the Prime Minister; and

内閣総理大臣の命令に応じて、信託会社等が信託財産を換価し、供託をすること。

other particulars specified by Cabinet Office Order.

その他内閣府令で定める事項

The types of trust properties to be entrusted pursuant to a trust agreement for security deposits for issuance are limited to money, bank deposits and savings (limited to those specified by Cabinet Office Order), or national government bond certificates, local government bond certificates or other bond certificates specified by Cabinet Office Order. In this case, the appraised value of those bond certificates is determined pursuant to the provisions of Cabinet Office Order.

発行保証金信託契約に基づき信託される信託財産の種類は、金銭若しくは預貯金(内閣府令で定めるものに限る。)又は国債証券、地方債証券その他の内閣府令で定める債券に限るものとする。この場合において、当該債券の評価額は、内閣府令で定めるところによる。

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