of March 27, 2025 No. 74
About the organization and functioning of risk management system of the factoring organization
Based on the paragraph of the eleventh subitem 1.4 of Item 1 of the Presidential decree of the Republic of Belarus of November 11, 2024 "About activities for financing under concession of monetary claim (factoring)" and parts one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: No. 416
1. Approve the Instruction about the organization and functioning of risk management system of the factoring organization it (is applied).
2. This resolution becomes effective since May 13, 2025.
Chairman of the board
R.A.Golovchenko
Approved by the Resolution of Board of National Bank of the Republic of Belarus of March 27, 2025 No. 74
1. This Instruction establishes requirements to the organization and functioning of risk management system of the factoring organizations *, connected with implementation of activities for financing under concession of monetary claim (factoring) (further - factoring).
______________________________
* For the purposes of this Instruction the factoring organizations are understood as the commercial organizations specified in subitem 1.3 of Item 1 of the Presidential decree of the Republic of Belarus of November 11, 2024 to No. 416.
2. For the purposes of this Instruction the following terms and their determinations are used:
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