Loan Trust Beneficiary Certificate System -

...The loan trust system was born mainly from (1) the need to allocate funds to key industries, including the energy industry, such as electricity and coal, (2) the need to absorb hoarded funds that had been avoided by those who had avoided the taxation offensive associated with the Dodge Line in 1949, and (3) the need to rescue trust banks that had fallen into financial difficulty after World War II and to revive the trust system. To meet these needs, the loan trust beneficiary certificate system was created, and by utilizing the trust's actual bond dividend principle, high interest dividends were allowed outside of the regulated interest rate, initially paying 8.8% per year for two years and 9.5% for five years. This high rate of return has been followed, and even today it boasts high returns among savings products. ...

*Some of the terminology used in reference to the "Loan Trust Beneficiary Certificate System" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…貸付信託制度はおもに，(1)電力，石炭などのエネルギー産業をはじめとする基幹産業に対する資金配分の必要性，(2)1949年のドッジ･ラインに伴う徴税攻勢を忌避した退蔵資金を吸収する必要性，(3)第2次大戦後経営不振に陥っていた信託銀行を救済し，信託制度の復興をはかる必要性，から生まれた。これらの必要性を満たすため貸付信託受益証券制度が創設され，信託の実債配当主義を活用して，規制金利外の高利配当が認められ，当初は2年もの年8.8％，5年もの9.5％の高配当が行われた。この高利回りは踏襲され，今日でも貯蓄商品のなかで高い利回りを誇っている。…

※「貸付信託受益証券制度」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報