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RESOLUTION OF THE BOARD OF DIRECTORS OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of September 14, 2006 No. 239

About approval of the Instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities

(as amended on on September 30, 2009)

According to Articles 26, of 31, the Board of directors of National Bank of the Republic of Belarus DECIDES: 52 and 53 Bank codes of the Republic of Belarus

1. Approve the enclosed Instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities.

2. Recognize to invalid:

the resolution of the Board of directors of National Bank of the Republic of Belarus of May 29, 2003 No. 172 "About approval of the Instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities" (The national register of legal acts of the Republic of Belarus, 2003, No. 70, 8/9642);

the resolution of the Board of directors of National Bank of the Republic of Belarus of February 25, 2004 No. 44 "About entering of amendments and changes into the Instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities" (The national register of legal acts of the Republic of Belarus, 2004, No. 41, 8/10648);

the resolution of the Board of directors of National Bank of the Republic of Belarus of December 23, 2004 No. 369 "About modification and amendments in the Instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities" (The national register of legal acts of the Republic of Belarus, 2005, No. 6, 8/11920);

the resolution of the Board of directors of National Bank of the Republic of Belarus of November 8, 2005 No. 333 "About modification and amendments in the Instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities" (The national register of legal acts of the Republic of Belarus, 2005, No. 188, 8/13408).

3. This resolution becomes effective since November 1, 2006.

 

Acting as

Chairman of the board P.V.Kallaur

Approved by the Resolution of the Board of directors of National Bank of the Republic of Belarus of September 14, 2006 No. 239

The instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities

Chapter 1. General terms of provision and repayment of the credits

1. The instruction about procedure for provision by National Bank of the Republic of Belarus to banks of the credits provided with pledge of securities (further - the Instruction), is developed according to Articles 26, of 31, 52 and 53 Bank codes of the Republic of Belarus. This Instruction determines procedure for provision by National Bank of the Republic of Belarus (further - National Bank) in Belarusian rubles of the credits provided with pledge of securities (further - the credit), to banks of the Republic of Belarus (further - bank), and also the procedure of implementation by National Bank of actions for provision to banks of the credits according to the procedure of refinancing and is necessary for regulation of liquidity of bank system.

The loans of National Bank are granted on the terms of urgency, recoverability and the paid nature according to the general credit agreement signed with bank on provision by National Bank of the credits provided with pledge of securities (the daleegeneralny credit agreement) in form according to appendix 1 to this Instruction.

From National Bank the organization of the conclusion of the general credit agreement exercises marketing board of monetary policy of head department of monetary transactions (daleeupravleny realization of monetary policy), the vice chairman of the board of National Bank directing activities of the specified head department and the main bukhgalternachalnik of head department of financial accounting and the reporting sign the agreement.

Copies of the registered general credit agreements and supplementary agreements to them go head department of administration of National Bank to the relevant structural divisions in the procedure established by National Bank.

2. In providing the credits the securities included in the lombard list of the securities accepted by National Bank as providing lombard and other credits (the daleelombardny list) are pledged.

Pledge shall be provided by bank in the amount compensating all requirements of National Bank for the granted loan. Requirements the amount of principal debt on the credit, percent on the credit, and also expenses of National Bank (are included in case of their availability) on servicing of this credit and realization of pledge.

3. The lombard list affirms the resolution of Board of National Bank on representation of head department of monetary transactions.

4. Day (date) of loan granting day (date) of transfer of credit amount on correspondent account of bank in National Bank is considered.

5. The National Bank provides to banks the following types of loan:

the daily settlement loans (further - the credits overnight);

lombard credits.

6. In the presence of sufficient providing and observance of the conditions established by this Instruction, the bank can obtain several credits in one day, including obtain several lombard credits for different or identical terms and (or) several credits overnight.

7. According to the decision of committee on monetary policy of National Bank (further - committee on monetary policy) provision to all or separate banks of any of types of loan can be temporarily suspended.

8. The loans are granted to banks according to the procedure, established by this Instruction and the general credit agreement, based on the general credit agreement and the following documents (depending on type and method of loan granting) which are its integral part:

statements on receipt of the lombard credit on fixed rate constituted by bank in form according to appendix 2 to this Instruction in electronic form (the QR file ~, requirements to which forming are stated in annex 3 to this Instruction) and sent to National Bank on special communication channels;

the request (competitive or non-competitive) on participation in lombard credit auction constituted by bank in form according to appendix 4 to this Instruction in electronic form (the QR file ~) and sent to National Bank on special communication channels (further - the request);

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