Procedures for Emergency Loans Collateralized by Financial Institutions' Loan Claims with the Bank of Korea

Enacted: January 12, 2026
Approved by: Director, Credit Collateral Planning Team-6

Article 1 (Purpose)

The purpose of these Procedures is to stipulate the detailed matters necessary for the implementation of the "Detailed Rules on Emergency Loans Collateralized by Financial Institutions' Loan Claims with the Bank of Korea" (hereinafter referred to as the "Detailed Rules").

Article 2 (Format of Transaction Agreement)

The debt pledge contract pursuant to Article 3, Paragraph 2 of the Detailed Rules shall use the format attached as <Appendix Format>.

Article 3 (Reduction of Emergency Loan Limits and Termination of Agreements)

1. If the Director of the Monetary Policy Department recognizes that it is inappropriate for a financial institution to maintain its emergency loan limit or continue transactions due to any of the circumstances listed in Article 14 of the Detailed Rules, the Director may reduce the emergency loan limit or terminate the transaction agreement pursuant to Articles 14 and 16 of the Detailed Rules.
2. In the event of measures taken under Paragraph 1, the Director of the Monetary Policy Department shall immediately notify the relevant financial institution and the Director of the Financial Business Department.

Supplementary Provisions <January 12, 2026> These Procedures shall take effect on January 14, 2026.

---

<Appendix Format> Debt Pledge Contract

Debt Pledge Contract

The parties listed below enter into this Debt Pledge Contract (hereinafter referred to as "this Contract") on [Year] [Month] [Day] as follows.

Preamble

The pledgor [Lending Financial Institution] (hereinafter referred to as the "Pledgor") has entered into a loan agreement (hereinafter referred to as the "Loan Agreement") with the Bank of Korea (hereinafter referred to as the "Pledgee"), established under the "Bank of Korea Act," for an emergency loan pursuant to Article 65 of the same Act, with a total limit of [Amount] Won.

The Pledgor intends to establish a pledge right in favor of the Pledgee over the collateral object (defined below) to secure the performance of the secured debt (as defined below).

Accordingly, the parties agree as follows.

Pledgor: [Lending Financial Institution]
[Address of Lending Financial Institution]

Pledgee: Bank of Korea
39 Namdaemun-ro, Jung-gu, Seoul

Article 1 (Definitions)

Except for terms defined above or separately defined in the provisions of this Contract, the definitions of terms used in this Contract are as follows. Furthermore, terms defined in the "Regulations on Emergency Loans Collateralized by Financial Institutions' Loan Claims with the Bank of Korea," related Detailed Rules, Procedures, Handling Procedures, and Loan Agreements shall have the same meaning in this Contract unless otherwise defined herein.

1. "Collateral Object" refers to the loan claims deposited by the Pledgor with the Pledgee in accordance with Chapter 2 of the "Handling Procedures for Emergency Loans Collateralized by Financial Institutions' Loan Claims with the Bank of Korea" (hereinafter referred to as the "Handling Procedures") that the Pledgee recognizes as eligible collateral (credit loan claims and real estate collateral loan claims).
2. "Subject Real Estate" refers to the real estate recognized by the Pledgee as related to the Collateral Object through documents submitted by the Pledgor to the Pledgee in accordance with Chapter 2 of the Handling Procedures.
3. "Subject Subordinate Mortgage" refers to the subordinate mortgage or mortgage recognized by the Pledgee as related to the Collateral Object through documents submitted by the Pledgor to the Pledgee in accordance with Chapter 2 of the Handling Procedures.
4. "Subordinate Mortgage Settlor" refers to the person who established the subordinate mortgage or mortgage for the Pledgor regarding the Subject Real Estate.
5. "Third-Party Debtor" refers to the debtor of the loan claim constituting the Collateral Object.
6. "Secured Claim" refers to all rights and claims that the Pledgee currently holds or may acquire in the future against the Pledgor pursuant to the financial agreement.
7. "Secured Debt" refers to all obligations, debts, and liabilities that the Pledgor currently bears or may bear in the future to the Pledgee, including loan principal and interest, damages, and other costs pursuant to the financial agreement.
8. "Event for Exercise of Rights" refers to the case where the Pledgor is required to perform the Secured Debt due to the maturity of the term or loss of the benefit of time.

Article 2 (Establishment of Pledge, etc.)

1. To secure the Secured Debt, the Pledgor establishes a pledge right over the Collateral Object in favor of the Pledgee according to the conditions of this Contract, and the list of Collateral Objects notified by the Pledgee pursuant to Article 4, Paragraph 3, Item 1 or Article 4, Paragraph 5 of the Handling Procedures after the application under Article 3 of the Handling Procedures shall be deemed attached to this Contract.
2. The maximum secured amount of the Subject Pledge Right established over the entire Collateral Object under this Contract shall be an amount corresponding to [*]% of the loan limit (hereinafter referred to as the "Subject Maximum Secured Amount"), and the Pledgee and Pledgor confirm that the Collateral Objects are provided cumulatively up to the Subject Maximum Secured Amount. In the case of real estate collateral loan claims, even if the maximum secured amount recorded in the supplementary registration related to individual book entries differs from the Subject Maximum Secured Amount under the responsibility of the Pledgor, the parties confirm that the maximum secured amount of the pledge right agreed upon under this Contract is the Subject Maximum Secured Amount.
3. After entering into this Contract, the Pledgor shall notify the Third-Party Debtor of the fixed date (including fixed dates for content-certified mail and delivery-certified mail, hereinafter the same) according to the "Notice of Pledge Establishment" attached as <Appendix 1>, or receive the "Consent Form" attached as <Appendix 2> with a fixed date from the Third-Party Debtor and deliver it to the Pledgee, in accordance with the Handling Procedures.
4. After entering into this Contract, the Pledgor shall individually apply for the supplementary registration of the pledge right establishment as the cause of the pledge right establishment regarding the Subject Subordinate Mortgage at the competent registration office, carrying the attached documents required for the application for supplementary registration according to the Real Estate Registration Act and Real Estate Registration Rules, including the "Power of Attorney for Application/Withdrawal of Registration (for Subordinate Mortgage Pledge Establishment)" attached as <Appendix Form No. 5> of the Handling Procedures. In this case, the Pledgor shall immediately provide the Pledgee with the Certificate of All Registered Matters, Registration Completion Information, and Registration Completion Notice of the Subject Real Estate, which can prove that the supplementary registration of the pledge right establishment has been completed.
5. The Pledgee shall register the loan claims for which the measures under Paragraphs 3 and 4 are completed as eligible collateral on electronic media in accordance with Article 6 of the Handling Procedures, and the content registered in this manner shall have the same effect as if it were attached to this Contract. In this case, on each business day following the registration, the Pledgor shall submit to the Pledgee the "Application for Collateralization of Loan Claims [New/Eligibility Conversion/Change/Termination]" attached as <Appendix Form No. 1-1>, the "Statement of Application for Collateralization of Loan Claims" attached as <Appendix Form No. 1-2>, the "Report on Collateral Real Estate for Establishment of Subordinate Mortgage of Loan Claims" attached as <Appendix Form No. 3-1>, the "Statement of Report on Collateral Real Estate for Loan Claims" attached as <Appendix Form No. 3-2>, and other relevant documents requested by the Pledgee, in accordance with the financial agreement.
6. Based on the documents submitted pursuant to Paragraph 5, the Pledgee shall prepare the details of the Collateral Object, the Subject Subordinate Mortgage related thereto, and the Subject Real Estate (including those prepared electronically, hereinafter the same in this Contract) according to the "Loan Claim Collateral Registration Book" attached as <Appendix Form No. 7-1> and the "List of Collateral Real Estate for Loan Claims" attached as <Appendix Form No. 7-2> of the Handling Procedures, and register them on electronic media in accordance with Article 6 of the Handling Procedures at a time the Pledgee deems appropriate. The content registered in this manner shall have the same effect as if it were attached to this Contract.
7. The Pledgee and Pledgor agree that the above details, registered and updated/reflected daily pursuant to Paragraphs 5 and 6, constitute a part of this Contract and, together with the main text of this Contract after the date of entry into this Contract, form a comprehensive contract binding the Pledgee and the Pledgor.
8. If Collateral Objects are added (new/eligibility conversion), changed, or terminated after entering into this Contract as recognized by the Pledgee, the Pledgee and Pledgor shall promptly perform the following procedures:
   1. In the case of addition (new/eligibility conversion) of Collateral Objects: Procedures according to Articles 3 to 6 of the Handling Procedures.
   2. In the case of change in Collateral Objects: Procedures according to Articles 7 and 8 of the Handling Procedures.
   3. In the case of termination of Collateral Objects: Procedures according to Article 9 of the Handling Procedures.
9. The Pledgee shall update the "Loan Claim Collateral Registration Book" attached as <Appendix Form No. 7-1> and the "List of Collateral Real Estate for Loan Claims" attached as <Appendix Form No. 7-2> of the Handling Procedures via electronic media regarding the added (new/eligibility converted), changed, or terminated Collateral Objects and the Subject Subordinate Mortgage and Subject Real Estate related thereto, and register them in accordance with Article 6 of the Handling Procedures. The content registered in this manner shall have the same effect as if it were attached to this Contract. The Pledgee and Pledgor agree that the registered details are confirmed as changed to the Collateral Object of this Contract.
10. The Pledgor shall bear all costs incurred in the process of establishing the pledge right over the Collateral Object and the supplementary registration of the pledge right establishment with the Pledgee pursuant to this Contract, and if the Pledgee incurs costs in such process, the Pledgor shall pay them immediately.
11. Regarding the effect of submission, preparation, and performance of procedures for documents pursuant to this Article, Articles 21 to 23 of the Loan Agreement shall apply mutatis mutandis.

Article 3 (Scope of Effect of Pledge Right)

1. The effect of the pledge right extends to the Collateral Objects acquired by the Pledgor currently or in the future as of the date of entry into this Contract, and the Subject Subordinate Mortgage established to secure them.
2. The effect of the pledge right extends to the principal and interest of the Collateral Object and other rights incidental thereto. However, until an Event for Exercise of Rights occurs, the Pledgor may directly receive principal and interest as the right holder of the Collateral Object, notwithstanding the establishment of the pledge right under this Contract, within the scope of complying with the conditions of the Loan Agreement.
3. In the case of extension, modification, renewal, division, merger, increase, or decrease of the Collateral Object, the effect of the pledge right extends to the changed Collateral Object. However, Collateral Objects that are not subsequently recognized as eligible may be excluded from the scope of the effect of the pledge right.
4. After an Event for Exercise of Rights occurs, the Pledgee may directly or through the Pledgor receive the principal and interest of the Collateral Object and the proceeds from the disposal after the exercise of the Subject Subordinate Mortgage, and apply them to the payment of the Secured Debt. If the Pledgee requests the Pledgor to perform necessary procedures, the Pledgor shall cooperate immediately.
5. In the event of a public notice of claim declaration, etc., regarding the Collateral Object, the Pledgor shall immediately notify the Pledgee in writing (including electronic documents, hereinafter the same in this Contract). The Pledgor shall perform all measures necessary for the exercise and preservation of rights regarding the Collateral Object at its own effort and cost. If the Pledgee fails to take procedures for the exercise or preservation of rights regarding the Collateral Object because the Pledgor fails to perform the above notification, all damages resulting therefrom shall be borne by the Pledgor.

Article 4 (Exercise of Pledge Right)

1. The Pledgee may dispose of the Collateral Object or exercise all other rights held by the Pledgee in any method, at any time, and at any price the Pledgee deems appropriate.
2. If the Pledgee disposes of the Collateral Object in accordance with Paragraph 1, the Pledgee shall not bear any responsibility to the Pledgor regarding this, and the Pledgor explicitly waives by this Contract the right to raise objections and all rights regarding the price at which the Pledgee disposes of the Collateral Object and the Subject Real Estate.
3. In the case of Paragraph 1, if the proceeds are insufficient to extinguish the entire Secured Debt, the Pledgee may apply them to the payment of the debt according to the Loan Agreement.

Article 5 (Assumption of Risk)

In the event of accidents such as forgery, alteration, or misuse of documents or seals, all damages resulting therefrom shall be borne by the Pledgor, and the Pledgor shall be responsible according to the contents recorded in the documents.

Article 6 (Exercise of Rights)

1. As long as an Event for Exercise of Rights continues, the Pledgee may take various measures for the exercise of the pledge right or prepare necessary documents without requiring additional consent or cooperation from the Pledgor regarding the receipt of principal and interest, disposal of the Collateral Object and Subject Real Estate, etc., notwithstanding Article 3, Paragraph 4.
2. The Pledgee may grant or delegate authority to third parties to the extent necessary for the exercise of rights pursuant to this Article, and in this case, the agent or delegate may exercise the rights pursuant to this Article on behalf of the Pledgee.

Article 7 (Continuity and Individuality of Collateral)

1. The pledge right established by this Contract exists validly as a continuous collateral to secure the Secured Debt until the Secured Debt is completely extinguished.
2. If the Pledgor provides separate collateral or guarantee to the Pledgee regarding the Secured Debt, such collateral or guarantee shall not be changed by this Contract. If there is a limit agreement in the separate collateral provision or guarantee, the amount of the Secured Debt under this Contract shall be cumulatively added above that limit amount. The same applies if the Pledgor provides separate collateral or guarantee to the Pledgee in the future.
3. The Pledgee may exercise various rights held by the Pledgee according to this Contract or relevant laws without filing a lawsuit or judgment against the Pledgor, applying for dissolution/liquidation of the Pledgor, or obtaining priority compulsory execution against other collateral.
4. The Pledgee may negotiate with the Pledgor or third parties in other ways, such as granting a certain period or deferring payment regarding the Secured Debt under this Contract or other pledge rights held by the Pledgee against the Pledgor, at its own discretion. Such measures shall not affect the Subject Pledge Right in any way.

Article 8 (Representations and Warranties)

Unless otherwise specified in the items below, the Pledgor represents and warrants to the Pledgee the following matters from the date of entry into the financial agreement including this Contract until its termination:

1. The Pledgor has not disposed of or changed any rights regarding the Collateral Object, including transfer or establishment of security rights, without the prior written approval of the Pledgee, except for the establishment of the pledge right under this Contract, nor are there any attachments such as provisional seizure, seizure, or provisional disposition.
2. The Pledgor has the ability to hold the Collateral Object and perform its obligations under this Contract, and has completed all necessary internal authorization procedures to enter into and perform this Contract.
3. The act of establishing the pledge right under this Contract and the act of establishing supplementary registration for the Subject Subordinate Mortgage are not acts detrimental to the general creditors of the Pledgor, and the Pledgor does not intend to perform such acts to harm general creditors.
4. The information provided or submitted by the Pledgor to the Pledgee pursuant to this Contract is all true and accurate as of the date of provision or submission.
5. The Pledgee acquires the sole pledge right over the Collateral Object pursuant to this Contract, and there are no further conditions for the establishment of such pledge right other than the procedures under Article 2.

Article 9 (Compliance)

The Pledgor agrees to comply with the following matters:

1. The Pledgor shall not perform any act that infringes upon the rights of the Pledgee under this Contract.
2. The Pledgor shall not provide collateral for third parties, transfer, establish pledge rights, assume guarantee debts, or perform other similar legal/contractual obligation-assuming acts regarding the Collateral Object or rights and obligations under this Contract without the prior written consent of the Pledgee.
3. The Pledgor shall immediately report to the Pledgee (if the Pledgee's business hours have ended, by the next day) any changes in the Collateral Object, Subject Subordinate Mortgage, or Subject Real Estate for the creation, preservation, maintenance, and exercise of the Pledgee's rights under this Contract. In this case, the Pledgor shall immediately prepare, sign, and deliver all additional documents, papers, agreements, and certificates requested by the Pledgee, and take all other necessary measures.
4. If a third party causes any dispute (hereinafter referred to as "Dispute") such as litigation, complaint, or objection that infringes or threatens the Pledgee's rights under this Contract regarding the Collateral Object, the Pledgor shall immediately notify the Pledgee in writing. In this case, the Pledgor shall indemnify the Pledgee at its own cost and effort, and if damages occur to the Pledgee as a result, the Pledgor shall compensate for them. The Pledgee may issue necessary instructions to protect its rights in the Pledgor's dispute resolution process, and the Pledgor shall follow the Pledgee's instructions.

Article 10 (Assumption of Costs)

1. The Pledgor shall bear the costs related to the establishment of the pledge right, preservation or exercise of the Pledgee's rights, and other amounts the Pledgee is required to pay in connection with this Contract.
2. If the Pledgor fails to pay the amount under Paragraph 1, Article 10, Paragraph 2 of the Loan Agreement shall apply mutatis mutandis.

Article 11 (Transfer, etc.)

If the Pledgee disposes of all or part of the rights and obligations under the Loan Agreement by transfer, provision of collateral, etc., as defined in the Loan Agreement, the counterparty shall be deemed to have succeeded to the Pledgee's status under this Contract, and the Pledgor shall not raise any objections. In this case, the Pledgor shall cooperate with the procedures regarding such disposal and succession of status as requested by the Pledgee.

Article 12 (Notification)

Matters regarding all notifications, demands, and claims to the Pledgee and the Pledgor shall be governed by the Loan Agreement.

Article 13 (Governing Law and Jurisdiction)

1. This Contract and documents prepared pursuant to it shall be governed and interpreted by the laws of the Republic of Korea, and matters not explicitly stated in this Contract regarding this Contract shall be governed by the Pledgee's determination.
2. In the event of litigation between the Pledgee and the Pledgor regarding this Contract, the court with jurisdiction over the location of the Pledgee's head office shall be the exclusive jurisdiction court.

Article 14 (Effect of Contract)

This Contract shall take effect from the date of entry into this Contract specified in the Preamble (including the same day) and shall terminate together with the Loan Agreement on the day the Loan Agreement terminates according to Article 1 of the Loan Agreement. After the termination of this Contract, the Pledgee shall cooperate with necessary procedures upon the request of the Pledgor.

Article 15 (Miscellaneous Provisions)

1. Even if one or more provisions specified in this Contract or documents prepared in connection with it become invalid, illegal, or unenforceable according to law, the effect, legality, and enforceability of the remaining provisions specified in this Contract shall not be affected thereby.
2. This Contract shall not be modified, changed, or amended without the prior written consent of the Pledgee and the Pledgor. However, if the details of the Collateral Object and the Subject Subordinate Mortgage and Subject Real Estate related thereto are electronically updated and reflected through registration under Article 6 of the Handling Procedures, the parties agree that such details are attached to this Contract and form a comprehensive contract binding the Pledgee and the Pledgor.
3. This Contract may be executed in multiple copies. The signed copies shall each be an original and together constitute one contract.
4. This Contract constitutes the final written expression of the rights and obligations of the Pledgee and the Pledgor and their complete agreement.
5. Unless the Pledgee clearly expresses its intention in writing, any action (such as delaying or not making a demand for performance or other acts necessary for a demand for performance) shall not be deemed as the Pledgee waiving its rights under this Contract or acquiescing to the Pledgor's loss of the benefit of time. Furthermore, even if the Pledgee does not exercise any right recognized under this Contract, it shall not be deemed as a waiver of such right. The Pledgee shall not be hindered from exercising other rights even if it does not exercise specific rights.
6. The rights and remedies under this Contract are not mutually exclusive, may be exercised individually or simultaneously, and do not exclude rights and remedies recognized by law.
7. For matters not specified in this Contract, the Pledgor shall follow the Pledgee's determination.

Pledgor
[Lending Financial Institution]
President [Name]

Pledgee
Bank of Korea
Governor [Name]

---

(Appendix 1)

Notice of Pledge Establishment

1. Our company entered into a Loan Agreement (including any subsequent modifications, changes, extensions, or supplements, hereinafter referred to as the "Loan Agreement") with the recipient on [Year] [Month] [Day], and a loan account [Loan Account Number] has been opened and operated thereby.
2. We hereby notify you that we have entered into a debt pledge contract regarding the security rights (hereinafter collectively referred to as "Collateral Target Rights"), including subordinate mortgages incidental to all rights we hold against the recipient under the Loan Agreement and the loan claims, with the Bank of Korea (hereinafter referred to as the "Pledgee") on [Year] [Month] [Day], and have established a pledge right for the Pledgee over the Collateral Target Rights (hereinafter referred to as the "Subject Pledge Right Establishment").
3. Until you receive a different notice from the Pledgor (or the Pledgee), you shall perform your obligations under the Loan Agreement to us, notwithstanding the Subject Pledge Right Establishment.

[Year] [Month] [Day]

Noticer: [Lending Financial Institution Name] President (Seal)

1) [Requirement for Fixed Date]
2)

Note:
1) Corporate seal.
2) Refers to a public seal (印) affixed by a registration office or notary public after granting a fixed date, including cases where the arrival date is publicly confirmed by content-certified mail or delivery-certified mail.

Recipient: [Third-Party Debtor]
(Address)
(Phone Number)
(E-mail)

Subject: Regarding Pledge Right Establishment for Loan Claims

---

(Appendix 2)

Consent Form

1. Our company entered into a Loan Agreement (including any subsequent modifications, changes, extensions, or supplements, hereinafter referred to as the "Loan Agreement") with [Lending Financial Institution] (hereinafter referred to as the "Pledgor") on [Year] [Month] [Day], and a loan account [Loan Account Number] with our company as the debtor has been opened and operated thereby.
2. We confirm that a pledge right has been established pursuant to the debt pledge contract entered into between the Pledgor and the Bank of Korea (hereinafter referred to as the "Pledgee") on [Year] [Month] [Day] regarding all rights the Pledgor holds against us under the Loan Agreement and the subordinate mortgages and other security rights incidental to the loan claims, and we consent to this without objection.
3. Until we receive a different notice from the Pledgor (or the Pledgee), we shall perform our obligations under the Loan Agreement to the Pledgor, notwithstanding the Subject Pledge Right Establishment.

[Year] [Month] [Day]

[Third-Party Debtor]
President (Seal)

1) [Requirement for Fixed Date]
2)

Note:
1) Corporate seal.
2) Refers to a public seal (印) affixed by a registration office or notary public after granting a fixed date, including cases where the arrival date is publicly confirmed by content-certified mail or delivery-certified mail.

Recipient: [Lending Financial Institution] (Address) (Phone Number) (E-mail)

Subject: Regarding Pledge Right Establishment for Loan Claims