I. Meaning:
Deposit insurance fund, that is, insurance institutions pay premiums to deposit insurance fund management institutions to form deposit insurance funds. The deposit insurance fund management institution shall pay insured deposits to depositors in accordance with regulations and take necessary measures to maintain the safety of deposits and deposit insurance funds.
II. Sources of the Fund:
According to the regulations, the sources of deposit insurance funds include:
1 is the premium paid by the insurance institution;
2 is the property distributed in the liquidation of insurance institutions;
3, is the deposit insurance fund management institutions to use the deposit insurance fund income;
4. It is other lawful income.
Third, follow the principles:
The use of deposit insurance funds shall follow the principles of safety, liquidity, preservation and appreciation, and deposit the deposits in the People's Bank of China to invest in high-grade bonds such as government bonds, central bank bills, financial bonds with higher credit ratings, or other forms of capital use approved by the State Council.
Fourth, others:
The regulations also stipulate that the deposit insurance fund management institution shall, within three months after the end of each fiscal year, prepare financial accounting reports and deposit insurance fund income and expenditure statements, and prepare annual reports, which shall be published in accordance with relevant state regulations.