Insured deposits with established relationship or in transactional accounts

Insured deposits with established relationship or in transactional accounts

Examples of established relationships include members that also have a loan, line of credit or investments with the credit union. Examples of transactional accounts include accounts where there are automatic regular deposits of salary, pensions or other sources of income. Refer LCR reporting template Lines 12 and 13. Where a credit union is not readily able to identify which retail deposits would qualify as stable deposits under paragraph 35 or 36, it should report the full amount under paragraph 37 or 38. Where a credit union in not readily able to identify which retail deposits would qualify as insured deposits under 37 or 38, it should report the full amount under paragraph 39 – 42 as appropriate.

34. Demand deposits are assigned a run-off of at 3% per month for month 1 and 1% per month for month 2-12 on a declining balance basis.

35. Term deposits are assigned a run off at 3% at initial maturity with the net balance rolling over to the same term. A run off of 1% is assigned on subsequent renewals, up to month 12.

Other insured deposits

36. Demand deposits are assigned a run-off of 5% for month 1and 1% per month for month 2-12 on a declining balance basis.

37. Term deposits are assigned a run off 5% at initial maturity with the net balance rolling over to the same term. A run off of 1% is assigned on subsequent renewals, up to month 12. Read More