Section 60
Return on index-linked deposits
ActIn forceProvision 60 of 86
Section 60
Any return referred to in section 56 or 59 in relation to a deposit held by a member institution shall be determined in accordance with regulations prescribed if a payment to be made by the member institution in respect of the deposit is to be determined, in whole or in part, by reference in any way to —
(a)
the market price of a security, commodity or financial instrument;
(b)
the exchange rate between any 2 currencies;
(c)
a reference rate determined by reference to any one or more of those prices or rates;
(d)
a reference rate determined by reference to any one or more non-financial events; or
Deposit Protection 42
(e)
any other kind of variable index or reference point as may be specified by the Corporation.