The three-month loan will have a floating rate level with the central bank base rate. It will carry a state guarantee.
The MNB noted that the fund may request a central bank bridging loan only once.
Investors in two independent brokerages that failed early last year, Quaestor and Hungaria Securities, were already eligible for compensation from the Investor Protection Fund (Beva) up to the €20,000 threshold, but lawmakers approved legislation that effectively raised the threshold to about €100,000 and left Beva members to cover the difference.
Legislation on compensating the investors stipulates that the top-up fund may take out a bridging loan from the MNB to pay the compensation and refinance it with a bond or loan with a maturity up to twelve years. Beva members are not required to pay into the fund until March 2017.
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