RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of May 28, 2025 No. 136

About approval of the Instruction about procedure for refinancing by National Bank of banks in the form of the credits for support of current liquidity

Based on part five of Article 31 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve the Instruction about procedure for refinancing by National Bank of banks in the form of the credits for support of current liquidity it (is applied).

2. This resolution becomes effective since July 28, 2025.

Approved by the Resolution of Board of National Bank of the Republic of Belarus of May 28, 2025 No. 136

The instruction about procedure for refinancing by National Bank of banks in the form of the credits for support of current liquidity

Chapter 1. General provisions

1. This Instruction establishes procedure for refinancing by National Bank of banks in the form of the loans granted in the Belarusian rubles on support of current liquidity provided with pledge of securities and (or) security deposits in foreign currency (further – the credits).

2. For the purposes of this Instruction the terms below are used in the following values:

the auction credits – the loans granted by National Bank on interest rate and in the amount which are determined by parameters and results of credit auction (further if other is not established, – auction);

mortgage securities portfolio – the obligation fulfillments which are selected by National Bank for providing on the credits the securities meeting requirements of Item 10 of this Instruction and which are considered depending on type of loan on appropriate section of the account of "depot" of National Bank;

the credits overnight – the loans granted by National Bank at the initiative of banks within constantly available transactions of regulation of current liquidity for the term providing in the quality of date of return (repayment) of the credit and payment added for use of percent it the working day following behind day of loan granting;

penalty – payment for violations of terms by bank of return (repayment) of the credit and (or) interest payment for use of it from the date of emergence of overdue debt on the credit and interest for using by it.

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

credits overnight;

the lombard credits (the credits on fixed rate and the auction credits).

4. The National Bank has no right to refuse to banks loan granting overnight in case of accomplishment of the requirements provided by this Instruction, requirements to forming of statements (requests) and notices when carrying out the transactions by National Bank on regulation of liquidity of bank system established by the information technology developed by National Bank, except for case, stipulated in Item the 8th this Instruction by them.

5. Loan granting on fixed rate in addition to initiative of banks requires the positive decision of collegiate organ of National Bank in each case.

The application of bank on receipt of the credit on fixed rate can be granted according to the decision of collegiate organ of National Bank fully or partially. The decision on partial satisfaction of the specified statement or for refusal to bank in loan granting on fixed rate by collegiate organ of National Bank is not based.

6. In case of observance of the conditions established by this Instruction, the bank can obtain several credits of one or different types in one day, including for different or identical terms.

7. The loans are granted to banks according to the procedure, established by this Instruction, based on the agreement on transactions of the National Bank (further – the agreement) concluded between bank and National Bank and the following documents (depending on type of loan):

the letter of National Bank on conditions of carrying out transactions in the financial market;

the statement on receipt of the credit overnight in form according to appendix 1 and (or) the statement on receipt of the credit on fixed rate in form according to appendix 2 (further if other is not established, – the statement);

the application for participation in credit auction (further if other is not established, – the request) in form according to appendix 3;

the protocol on satisfaction of the application for participation in credit auction in form according to appendix 4;

the notice on provision of the credit by National Bank (further if other is not established, – the notice) in form according to appendix 5.

On each granted loan the National Bank draws up the notice which is loan granting confirmation.

The National Bank performs credit operations by means of software and hardware complex of the National Bank intended for forming and transfer (acceptance) on channels of telecommunication of statements (requests), notices and protocols on satisfaction of the application for participation in credit auction, the organization of their processing and storage (further – software and hardware complex of National Bank).

The specified documents are submitted by bank to National Bank with use of the program and technical means intended for creation, processing, storage and information transfer. The list of such program and technical means is posted on the official site of National Bank on the global computer Internet (further – the official site) no later than the termination of the working day preceding day of carrying out transaction.

In case of impossibility of carrying out credit operations by means of software and hardware complex of National Bank credit operations can be carried out by National Bank with use of system of transfer of financial information (further – SPFI) for transfer of statements (requests), notices and protocols on satisfaction of the application for participation in credit auction according to standards of carrying out calculations of National Bank what banks are notified by means of placement of information on the official site in day of making of transaction on.

Forming of the documents and messages transferred to banks (including National Bank) by provision and return (repayment) of the credits, corresponds to information technology and technical documentation of the automated system of interbank calculations of National Bank determining requirements to the MX messages used when implementing interbank calculations.

The MX messages pacs.009 in case of loan granting, return (repayment) of principal debt on the credits and interest payment for use of them go to the automated system of interbank calculations of National Bank.

8. According to the agreement according to the decision of collegiate organ of National Bank provision of the new credits of any kind to any bank under any providing can be temporarily suspended.

9. Ensuring obligation fulfillment on the credits (further – loan security) are:

pledge of the securities included in the lombard list of the securities accepted by National Bank as providing lombard and other credits according to appendix 1 to the resolution of Board of National Bank of the Republic of Belarus of October 18, 2006 in No. 153 "About providing the credits of National Bank" (further – the lombard list);

security deposits in foreign currencies (further – security deposits) according to the list of foreign currencies in which security deposits as providing the credits, according to appendix 2 to the resolution of Board of National Bank of the Republic of Belarus of October 18, 2006 No. 153 are accepted by National Bank.

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