|
Differential Premiums
Each year, every member institution is classified
into one of four premium categories. Except under special circumstances, classification is based on a system
that scores a member institution according to a number of factors including capital adequacy, profitability,
asset quality and concentration.
The CDIC Differential Premiums By-law ("By-law") came into effect for the premium year
beginning May 1, 1999. The By-law undergoes regular reviews (including a 2004 comprehensive review) and has
been amended on numerous occasions based on consultation with member institutions, their associations and
regulators.
Disclosing Rating
Information
The CDIC Policy of Deposit Insurance prohibits members from disclosing premium rating information they
receive from CDIC. This information includes:
- the category in which the member institution is
classified;
- the premium rate assigned to the
member;
- the total score assigned to the
member;
- any score assigned to a member related to
quantitative or qualitative factors or criteria;
- the examiner's rating; and
- any other information that is given to the
member with respect to qualitative factors or criteria by CDIC or by the member institution's regulator or
examiner that would, in itself or pieced together with other information, enable the score assigned to the
member institution to be determined.
Premium Year 2006—Reference
Documents
All documents for new and existing members to meet CDIC reporting requirements are below. Please contact us if you require additional information.
|
