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Article 59Payment guarantee fund

第五十九条(保証基金)

A Designated Guarantee Agency must, pursuant to the provisions of its articles of association, set up a payment guarantee fund.

指定保証機関は、定款の定めるところにより、保証基金を設けなければならない。

If a Designated Guarantee Agency is unable to pay a guarantee obligation out of its liability reserve, it may use its payment guarantee fund only for allocation to repayment of said guarantee obligation.

指定保証機関は、責任準備金をもつて保証債務を支払うことができない場合においては、当該保証債務の弁済に充てる場合に限り、保証基金を使用することができる。

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