Approved by the Central bank of the Republic of Uzbekistan of May 30, 1995

TEMPORARY PROCEDURE FOR RELEASE AND CIRCULATION OF BILLS OF EXCHANGE OF THE COMPANIES AND ORGANIZATIONS

This Temporary procedure (further in the text - "Procedure") is developed according to the laws of the Republic of Uzbekistan "About securities and stock exchange", "About the companies", and also on the basis of "Provision on the translated and promissory note".

1. General provisions

1.1. Bills of exchange are written out by the companies and the organizations for covering of temporary lack of money at them for calculations for the specific goods delivered them (works, services), with obligatory execution of the bill guarantee (aval) from the servicing bank. (further in the text: "Authorized bank")".

Issue of finance bills for the purpose of attraction of money from the market by business entities is not allowed.

The financial and steady companies and the organizations irrespective of patterns of ownership have rights of release of bills of exchange.

1.2. The companies and the organizations write out promissory notes.

The promissory note is the written instrument containing unconditional obligation of one person (Drawer) to pay certain sum of money to certain person (the first receiver) either on his order at the scheduled time or on demand.

1.3. The promissory note shall contain:

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