PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of October 1, 2015 No. 493-P

Industry standard of financial accounting by not credit financial credit institutions of transactions on issue (placement) of money according to loan agreements and bank deposit agreements

According to the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154, No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, the Art. 4225, the Art. 4273, the Art. 4295) and the solution of the Board of directors of the Bank of Russia (No. 28) the Bank of Russia establishes the minutes of the Board of directors of the Bank of Russia of September 29, 2015 for not credit financial credit institutions located in the territory of the Russian Federation, procedure for financial accounting of transactions on issue (placement) of money according to loan agreements and bank deposit agreements, transactions on repayment (return) of the issued loans and deposits.

Chapter 1. General provisions

1.1. For the purpose of this provision issue (placement) of money by the not credit financial credit institution according to the loan agreement is understood as transfer of money on the prisoner between not credit financial credit institution and the client of not credit financial credit institution (further - the borrower) to the loan agreement constituted according to the Civil code of the Russian Federation (The Russian Federation Code, 1996, No. 5, the Art. 410). Issue (placement) of money by the not credit financial credit institution on bank deposit agreement is understood as transfer of money on the prisoner between not credit financial credit institution and credit institution to the bank deposit agreement constituted according to the Civil code of the Russian Federation.

1.2. Issue (placement) of money according to the loan agreement or on bank deposit agreement can be performed both in currency of the Russian Federation, and in foreign currencies with observance of requirements of the legislation of the Russian Federation.

1.3. Date of reflection in financial accounting of transactions on issue (placement) of money by not credit financial credit institution according to the loan agreement is date of transfer of money to the borrower by transfer from the bank account or issue from cash desk.

Date of reflection in financial accounting of transactions on issue (placement) of money by not credit financial credit institution on bank deposit agreement is receipt date of sum of money of the deposit into the account on the deposit opened for not credit financial credit institution in credit institution.

Date of reflection in financial accounting of return of loan amount is date of transfer by the funds borrower to cash desk of not credit financial credit institution or date of transfer on the bank account of not credit financial credit institution, being the lessor according to the loan agreement.

Date of reflection in financial accounting of return of deposit amount is date of transfer (return) of money by credit institution on the bank account of the not credit financial credit institution which is the investor on bank deposit agreement.

Date of reflection in financial accounting of concession of the agreement requirement of loan or on bank deposit agreement is date of transfer of the requirement to the cessionary when transfer corresponds to criteria for derecognition according to the International accounting standard (IAS) 39 "Financial instruments: recognition and assessment", the order of the Ministry of Finance of the Russian Federation enacted in the territory of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 No. 40940 ("The official Internet portal of legal information" (www.pravo.gov.ru), on February 8, 2016), with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869 ("The official Internet portal of legal information" (www.pravo.gov.ru), on July 18, 2016) (further - IFRS (IAS) 39).

1.3-1. Date of reflection in financial accounting of concession of the agreement requirement of loan or on bank deposit agreement is date of transfer of the requirement to the cessionary when transfer corresponds to criteria for derecognition according to the International accounting standard (IFRS) 9 "Financial instruments" in edition of 2014 enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869 ("The official Internet portal of legal information" (www.pravo.gov.ru), on July 18, 2016) (further - IFRS (IFRS) 9).

Not credit financial credit institutions, except non-state pension funds, insurance companies and societies of mutual insurance corresponding to criteria, stipulated in Item 20B International accounting standards (IFRS) 4 "Insurance contracts" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition No. which voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 40940, on August 1, 2016 No. 43044, with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition No. which voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 42869, the order of the Ministry of Finance of the Russian Federation of July 11, 2016 No. 111n "About enforcement and cancellation of documents of International accounting standards in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on August 1, 2016 No. 43044, the order of the Ministry of Finance of the Russian Federation of March 30, 2017 No. 50n "About introduction of the document of International accounting standards in action in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on May 22, 2017 No. 46773 (further - IFRS (IFRS) 4 "Insurance contracts"), is applied by IFRS (IFRS) 9. The non-state pension funds, insurance companies and societies of mutual insurance corresponding to criteria, stipulated in Item 20B IFRS (IFRS) 4 "Insurance contracts" shall apply IFRS (IFRS) 9 since January 1, 2023. If the non-state pension fund, insurance company or society of mutual insurance corresponding to criteria, stipulated in Item 20B IFRS (IFRS) 4 "Insurance contracts" make the decision on application of IFRS (IFRS) 9 on the annual accounting periods beginning till January 1, 2025, the specified decision shall be reflected in accounting policy.

Provisions of the paragraph of the fifth Item 1.3 of this provision are not applied to not credit financial credit institution applying IFRS (IFRS) 9.

Provisions of this Item are applied to not credit financial credit institution applying IFRS (IFRS) 9,.

1.4. In financial accounting of transaction on issue (placement) of money according to the loan agreement or bank deposit agreement are reflected in the basis of source accounting documents, including the documents confirming transfer of money by the not credit financial credit institution from the bank account either from cash desk, or in case of accomplishment of the terms of the contract determining procedure for provision of loan or introduction into the account on the deposit.

1.5. Transactions on loan repayment, the deposit are reflected in financial accounting based on source accounting documents confirming cash receipt on the bank account of not credit financial credit institution either in its cash desk or in case of accomplishment of terms of the contract, determining procedure for loan repayment, the deposit.

The concession of the agreement requirement of loan or on bank deposit agreement is reflected in financial accounting based on source accounting documents confirming transfer of the requirement to the cessionary.

1.6. Ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 07.11.2016 No. 4179-U

1.6-1. Provisions of Item 1.6 of this provision are not applied to not credit financial credit institution applying IFRS (IFRS) 9.

Provisions of this Item are applied to not credit financial credit institution applying IFRS (IFRS) 9,.

Not credit financial credit institutions classify the money issued (placed) according to the loan agreement or on bank deposit agreement as the dates of issue (placement) estimated later on depreciated cost, at fair value through other comprehensive income or at fair value through profit or loss, proceeding from:

the business model used by not credit financial credit institution for financial asset management and

characteristics of the issued (placed) loan or the bank deposit connected with the cash flows provided by the agreement.

In case of classification and assessment of the money issued (placed) according to the loan agreement or on bank deposit agreement, not credit financial credit institutions are guided also by IFRS (IFRS) 9.

Not credit financial credit institution determines fair value of the money issued (placed) according to the loan agreement or on bank deposit agreement, based on IFRS (IFRS) 13 "Assessment of fair value" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 No. 40940 ("The official Internet portal of legal information" (www.pravo.gov.ru), on February 8, 2016).

Not credit financial credit institution estimates the money issued (placed) according to the loan agreement or on bank deposit agreement, on depreciated cost if both following conditions are satisfied:

the specified means are issued placed) within business model which purpose is receipt of the cash flows provided by the agreement, and

terms of the contract cause obtaining in the specified dates of the cash flows which are only payments on account of the main amount of debt and percent on outstanding part of the main amount of debt.

Not credit financial credit institution estimates the money issued (placed) according to the loan agreement or on bank deposit agreement, at fair value through other comprehensive income if both following conditions are satisfied:

the specified means are issued placed) within business model which goal is achieved as by receipt of the cash flows provided by the agreement, and by concession of the agreement requirement of loan or on bank deposit agreement;

terms of the contract cause obtaining in the specified dates of the cash flows which are only payments on account of the main amount of debt and percent on outstanding part of the main amount of debt.

Not credit financial credit institution estimates the money issued according to the loan agreement, at fair value through profit or loss, except as specified, when they are estimated on depreciated cost or at fair value through other comprehensive income.

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