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By-laws of the Deposit Protection Fund

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(11) For newly admitted banks, <strong>the</strong> loss buffer ratio shall be calculated retrospectively<br />

for <strong>the</strong> period up to and including <strong>the</strong> third year following <strong>the</strong> year <strong>of</strong> admission<br />

and shall be <strong>the</strong> loss buffer ratio for <strong>the</strong> fourth year following <strong>the</strong> year <strong>of</strong><br />

admission. For newly established banks, <strong>the</strong> loss buffer ratio used shall be that<br />

calculated for <strong>the</strong> fifth year following <strong>the</strong> year <strong>of</strong> admission, which shall also<br />

apply to <strong>the</strong> fourth year following <strong>the</strong> year <strong>of</strong> admission.<br />

<strong>By</strong>-<strong>laws</strong> Annex to Section 4a<br />

63

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