Section 127
Assistance to bridge institution
of Malaysia Deposit Insurance Corporation Act 2011
The Corporation may, in such manner as it thinks fit, provide a bridge institution with such financial assistance as the Corporation thinks appropriate.
(2)
A bridge institution shall, on demand or at such other time as the Corporation specifies, repay or reimburse to the Corporation—
(a)
any loan or other financing provided by the Corporation to or for the account of the bridge institution;
(b)
the amount of any other financial assistance provided by the
Corporation to or for the account of the bridge institution;
(c)
the cost to the Corporation of any loan or other borrowing incurred by it in order to provide financial assistance to or for the account of the bridge institution;
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(d)
the amount of any loss of the investment value of any funds of the Corporation used to provide financial assistance to or for the account of the bridge institution;
(e)
the out of pocket or overhead costs to the Corporation of providing any services or seconding any of its employees to the bridge institution; and
(f)
any other costs, including income tax or other taxes, that the
Corporation would not have incurred but for the actions taken by it under section 99 or otherwise in relation to the bridge institution.
Corporation may hold shares of member institution