Joint Submission from the RBA and APRA to the Inquiry into Bank Funding Guarantees List of tables

Table 1: Current Guarantee Scheme Pricing

Table 2: Changes in Selected Countries' Deposit Guarantee Arrangements

Table 3: Other Guarantee Scheme Parameters

Table 4: Number of Institutions with one or more Guarantee Certificate

Table 5: Guarantee Scheme for Large Deposits and Wholesale Funding

Table 6: Government-guaranteed Bank Bonds

Table 1: Current Guarantee Scheme Pricing
Credit Rating Fee per annum (basis points
AAA to AA− 70
A+ to A− 100
BBB+ and below and Unrated 150
Table 2: Changes in Selected Countries' Deposit Guarantee Arrangements
Previous Limit Current Limit Termination Date
Australia Unlimited: first $1 million is free, then voluntary access via Guarantee Scheme 12-Oct-11
Austria €20,000 Unlimited 31-Dec-09
Belgium €20,000 €100,000 --
Denmark DKK300,000 Unlimited 30-Sep-10
Finland €25,000 €50,000 Until further notice
Germany €20,000 €50,000* --
Greece €20,000 €100,000 30-Oct-11
Hong Kong HKD100,000 Unlimited 31-Dec-10
Ireland €20,000 €100,000 (Unlimited for selected institutions) 28-Sep-10
Netherlands €40,000 €100,000 --
New Zealand -- NZ$1 million 12-Oct-10
Singapore SGD20,000 Unlimited 31-Dec-10
Spain €20,000 €100,000 --
Sweden SEK250,000 The higher of €50,000 or SEK500,000, depending on exchange rate --
Switzerland CHF30,000 CHF100,000 --
United Kingdom £31,700 £50,000 --
United States US $100,000 US$250,000 31-Dec-13

* Intended to increase to €100,000 in January 2011

Source: BIS; Countries' deposit insurers and regulators

Table 3: Other Guarantee Scheme Parameters
Maximum maturity date / debt no longer covered Final date for guaranteed
issuance
Original Change (if any) Original Change (if any)
Australia Rolling 5 years -- Unspecified --
Belgium 31-Oct-11 -- 31-Oct-09 --
Canada 30-Apr-12 31-Dec-12 30-Apr-09 31-Dec-09
Denmark 30-Sep-10 31-Dec-13 30-Sep-10 31-Dec-10
Finland 30-Apr-12 31-Dec-14 30-Apr-09 31-Dec-09
France 31-Dec-14 -- 31-Dec-09 --
Germany 31-Dec-12 31-Dec-14 31-Dec-09 --
Ireland 29-Sep-10 -- 29-Sep-10 --
Korea 30-Jun-12 31-Dec-14 30-Jun-09 31-Dec-09
Netherlands 31-Dec-12 31-Dec-14 31-Dec-09 --
New Zealand Rolling 5 years -- Unspecified --
Spain 01-Jul-12 15-Dec-12 01-Jul-09 15-Dec-09
Sweden 30-Apr-12 31-Oct-14 30-Apr-09 31-Oct-09
UK 13-Apr-12 09-Apr-14 09-Apr-09 31-Dec-09
US 30-Jun-12 31-Dec-12 30-Jun-09 31-Oct-09

Sources: BIS; Treasury departments, central banks, debt management offices and guarantee administrators

Table 4: Number of Institutions with one or more Guarantee Certificate
By category of institution and liability type
Liability type
Institution Category Deposit ST Wholesale Term Funding Total number of institutions
Australian-owned Banks 13 9 8 14
Foreign Subsidiary Banks 8 6 3 9
Branches of Foreign Banks 10 8 0 35
CUBS and Other ADIs 104 1 1 136
Total 135 24 12 194

Source: RBA

Table 5: Guarantee Scheme for Large Deposits and Wholesale Funding
Average daily values guaranteed, June 2009
Total
$b Per cent*
Large Deposits 21.0 1.9
Wholesale Funding 106.3 10.1
Of which: S-T Wholesale 15.4 1.5
L-T Wholesale 90.9 8.6
Total 127.3 5.9

* Large deposits expressed as a share of total ADI deposit liabilities as at 31 May 2009. Wholesale funding expressed as a share of total ADI wholesale funding liabilities as at 31 May 2009.

Source: Government Guarantee Administrator

Table 6: Government-guaranteed Bank Bonds*
Issuance (US$ billion)
US 272.9
UK 131.8
France 115.5
Australia 93.7
Germany 51.0
Netherlands 47.8
Spain 44.8
Ireland 23.8
Austria 23.1
Sweden 22.9
Portugal 6.9
NZ 3.7
Slovenia 2.1
Greece 1.4
South Korea 1.0
Total 842.4

* May exclude some private placements

Sources: RBA; Thomson Reuters