INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 5, 2015 No. 3840-U

About modification of the Provision of the Bank of Russia of December 22, 2014 No. 446-P "About procedure for determination of the income, expenses and other comprehensive income of credit institutions"

1. According to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of October 30, 2015 No. 31) to bring in the Provision of the Bank of Russia of December 22, 2014 No. 446-P "About procedure for determination of the income, expenses and other comprehensive income of credit institutions", registered by the Ministry of Justice of the Russian Federation on February 6, 2015 No. 35910 ("the Bulletin of the Bank of Russia" of February 13, 2015 No. 12), the following changes.

1.1. Preamble after the words "except for share premium" to add with words of "the non-paid financing provided to credit institution by shareholders, participants, deposits to property of limited liability company".

1.2. In paragraph five of Item 1.6 of the word "it is determined by credit institution and affirms as own standards of the economic actor or other internal documents" shall be replaced with words "if necessary the credit institution determines (claims) in own standards of the economic actor".

1.3. To state paragraphs of the first and second of Item 1.8 in the following edition:

"1.8. Income and expenses from transactions of purchase and sale of foreign currency for rubles in cash and non-cash forms in which calculations and delivery are performed in day of the conclusion of the agreement (transaction) and also under agreements (transactions) under which calculations and delivery are performed not earlier than the next day after day of the conclusion of the agreement (transaction), except agreements on which the Provision of the Bank of Russia of July 4, 2011 No. 372-P "On procedure for financial accounting of derivative financial instruments", registered by the Ministry of Justice of the Russian Federation on July 22, 2011 No. 21445, on December 6, 2013 No. 30553 ("the Bulletin of the Bank of Russia" of August 4, 2011 No. 43, on December 19, 2013 No. 74) expatiates (further - the Provision of the Bank of Russia No. 372-P), are determined as difference between rate of transaction (transaction) and the official rate of foreign currency in relation to ruble, the established Central bank of the Russian Federation (further - the official rate) for transaction date (transactions).

Income and expenses from conversion transactions, that is from purchase and sale of foreign currency for other foreign currency, in cash and non-cash forms in which calculations and delivery are performed in day of the conclusion of the agreement (transaction) and also under agreements (transactions) under which calculations and delivery are performed not earlier than the next day after day of the conclusion of the agreement (transaction), except agreements to which the Provision of the Bank of Russia No. 372-P extends, are determined as difference between ruble equivalents of the corresponding foreign currencies by their official rate for transaction date (transactions).".

1.4. State Item 1.9 in the following edition:

"1.9. The income and expenses from the transactions connected with disposal (realization) of precious metals on which calculations and delivery are performed in day of the conclusion of the agreement (transaction) and also under agreements (transactions) under which calculations and delivery are performed not earlier than the next day after day of the conclusion of the agreement (transaction) except agreements to which the Provision of the Bank of Russia No. 372-P extends, are determined as difference between the sales price and book (balance sheet) value operating for transaction date (transactions) taking into account requirements of Items 3.2 and 16.3 of this provision for the income and expenses respectively.

Income and expenses from the transactions connected with acquisition of precious metals on which calculations and delivery are performed in day of the conclusion of the agreement (transaction) and also under agreements (transactions) under which calculations and delivery are performed not earlier than the next day after day of the conclusion of the agreement (transaction) except agreements to which the Provision of the Bank of Russia No. 372-P extends, are determined as difference between the price of acquisition and book (balance sheet) value operating for date of transition of the rights.".

1.5. In Item 3.3:

state paragraph two in the following edition:

"from founders, shareholders, participants, owners of credit institution in the form of deposits, fees, money and other property on account of forming of authorized fund, non-paid financing, deposits to property of limited liability company;";

third to exclude the paragraph.

1.6. In Item 4.1:

the first - third to state paragraphs in the following edition:

"4.1. For recognition in financial accounting of interest incomes on transactions of provision (placement) of money and precious metals, according to the acquired debt securities, including bills of exchange, on transactions of loan of securities, and also the income from provision for a fee in temporary use (temporary ownership and use) of other assets the conditions determined in paragraphs the second - the fourth Item 3.1 of this provision shall be at the same time complied.

The income of the initial buyer arising according to the repurchase agreement is recognized the interest incomes gained for provision of money.

The income of the initial seller arising according to the repurchase agreement is recognized the interest incomes gained for provision of securities.";

after the paragraph of third to add with the paragraph of the following content:

"For the purpose of this provision absence or availability of uncertainty is recognized receipt of the specified income based on quality evaluation of loans, the loan and equated to it debt (further - the loan), other assets, including requirements, or risk level of possible losses on the corresponding asset (requirement).".

1.7. Add Chapter 4 with Item 4.15 of the following content:

"4.15. The difference arising in case the selling price of issued debt securities in case of their initial placement (release) exceeds their nominal value is reflected in OFR as the award reducing interest expenses on the corresponding symbols of the Section 6 "The Awards Reducing Interest Expenses" of part 1 "Interest incomes, the income from adjustments and from recovery (reduction) of reserves by possible losses".".

1.8. Third Item 6.1 after the words "income from realization" to add the paragraph with the words "or early repayment".

1.9. In subitem 7.2.2 of Item 7. 2, Items 9. 10.7, 11.5 of the word "on symbol 25501" shall be replaced with words 3, "on symbol 25601".

1.10. To add Item 7.3 after the words "Income from Derivative Financial Instruments" with the words "and other agreements to which the Provision of the Bank of Russia No. 372-P extends".

1.11. In Item 8.2:

exclude paragraph two;

third to state the paragraph in the following edition:

"obligations on return of the sold securities received on returnable basis by the initial buyer or the borrower according to one transaction acting as the seller of securities, to the partner according to other transaction;".

1.12. To exclude paragraph two of Item 8.3.

1.13. To add Item 10.1 after the words "for rubles" with words ", conversion transactions", after words "Item 1.8 of this provision" to add with words ", subitem 5.1.1 of Item 5.1 and subitem 5.2.1 of Item 5.2 of the Provision of the Bank of Russia No. 372-P".

1.14. State Item 10.5 in the following edition:

"10.5. The commission income from carrying out transactions with currency values, except the commission income which according to Item 4.6 of this provision belongs to interest incomes is reflected in OFR on symbol 27301 - with credit institutions and nonresident banks, 27302 - with legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, 27303 - with individual entrepreneurs, 27304 - with citizens (physical persons) and physical persons - nonresidents.".

1.15. In paragraph four of Item 10.6 of the word", except the acquired equity securities, available for sale," to exclude.

1.16. "Item 1.9 of this provision" to add Item 11.1 after words with words ", subitem 5.1.3 of Item 5.1 and subitem 5.2.3 of Item 5.2 of the Provision of the Bank of Russia No. 372-P".

1.17. In Item 12.1:

word in paragraph one", including correspondent accounts, physical persons and legal entities" to exclude;

in subitem 12.1.1 of the word "including correspondent accounts, physical persons and legal entities" to exclude;

state subitem 12.1.2 in the following edition:

"12.1.2. The commission and similar income from settlement and cash customer service, collection and letter of credit transactions, registration and servicing of the payment cards and other technical devices intended for making of banking activities and also from collection of money, bills of exchange, settlement documents and other comparable transactions is reflected in OFR on symbol 27201 - credit institutions and nonresident banks, on symbol 27202 - legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, on symbol 27203 - individual entrepreneurs, on symbol 27204 - citizens (physical persons) and physical persons - nonresidents.".

1.18. Items 12.2 - 12.4 to state in the following edition:

"12.2. The commission and similar income from implementation of money transfers according to bank accounts is reflected in OFR on symbol 27401 - at the request of credit institutions and nonresident banks, on symbol 27402 - at the request of legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, on symbol 27403 - at the request of individual entrepreneurs, on symbol 27404 - at the request of citizens (physical persons) and physical persons - nonresidents.

Commission and similar income from rendering services of payment infrastructure is reflected in OFR on symbol 27409.

12.3. The commission and similar income from transactions on provision by credit institution of bank guarantees, letters of credit, avals, acceptances and other guarantees for the third parties providing their execution in cash is reflected in OFR on symbol 27501 - with credit institutions and nonresident banks, on symbol 27502 - with legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, on symbol 27503 - with individual entrepreneurs, on symbol 27504 - with citizens (physical persons) and physical persons - nonresidents.

12.4. The commission and similar income from implementation of money transfers without opening of bank accounts, including electronic money, is reflected in OFR on symbol 27405 - credit institutions and nonresident banks, on symbol 27406 - legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, on symbol 27407 - individual entrepreneurs, on symbol 27408 - citizens (physical persons) and physical persons - nonresidents.".

1.19. In paragraph one of Item 13.2 of the word "the Section 8 "Other Operating Incomes" to exclude.

1.20. In Item 13.11 of the word "on symbol 29104" shall be replaced with words "on symbol 29407".

1.21. State Items 14.4 and 14.5 in the following edition:

"14.4. The commission income from rendering intermediary services in broker and similar agreements is reflected in OFR on symbol 27601 - to credit institutions and nonresident banks, 27602 - to legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, 27603 - to individual entrepreneurs, 27604 - to citizens (physical persons) and physical persons - nonresidents.

14.5. Other commission income, except listed in this Provision, is reflected in OFR on symbol 27901 - from transactions with credit institutions and nonresident banks, on symbol 27902 - from transactions with legal entities and legal entities - nonresidents, except credit institutions and nonresident banks, on symbol 27903 - from transactions with individual entrepreneurs, on symbol 27904 - from transactions with citizens (physical persons) and physical persons - nonresidents.".

1.22. Third Item 15.6 to state the paragraph in the following edition:

"from receipt of excesses of cash liquidity - on symbol 29405.".

1.23. State Item 17.1 in the following edition:

"17.1. Interest expenses on transactions of attraction of money of physical persons and legal entities, for use of money on bank accounts of clients, including on correspondent accounts, on the precious metals attracted in deposits, on transactions of loan of securities are subject to reference on expenses in the day provided by terms of the contract for their payment.

The expenses of the initial seller arising according to the repurchase agreement are recognized the interest expenses paid for attraction of money.

The expenses of the initial buyer arising according to the repurchase agreement are recognized the interest expenses paid for attraction of securities.

Interest expenses according to issued debt securities, including bills of exchange, are subject to reference on expenses in the day provided by terms of the contract or release for their payment.

In the last working day of month all percent added for the expired month, including for the remained non-working days if the last working day of month does not match with its termination, or additionally accrued from the date provided by terms of the contract or release for their payment are subject to reference on expenses.".

1.24. In Item 17.8 of the word "the Section 1 "Interest expenses" shall be replaced with words "the Section 2 "The Commission Expenses and Costs according to the Transaction Increasing Interest Expenses".

1.25. Add Chapter 17 with Item 17.13 of the following content:

"17:13. The difference arising in case the selling price of issued debt securities in case of their initial placement (release) is lower than their nominal value is reflected in OFR as interest expenses on the corresponding symbols of the Section 1 "Interest expenses" of part 3 "Interest expenses, expenses from adjustments and expenses on forming of reserves on possible losses".".

1.26. In Item 18.2:

in subitem 18.2.1 of the word "on symbol 35302" shall be replaced with words "on symbol 37302";

in subitem 18.2.3 of the word "on symbol 35120" shall be replaced with words "on symbol 37120".

1.27. Third Item 19.1 after the words "expenses from realization" to add the paragraph with the words "or early repayment".

1.28. In subitem 20.2.2 of Item 20. 2, Items 22. 23.7, 24.5 of the word "on symbol 45501" shall be replaced with words 3, "on symbol 45601".

1.29. To add Item 20.5 after the words "Expenses on Derivative Financial Instruments" with the words "and to other agreements to which the Provision of the Bank of Russia No. 372-P extends".

1.30. To add Item 23.1 after the words "for rubles" with words ", to conversion transactions", after words "Item 1.8 of this provision" to add with words ", subitem 5.1.1 of Item 5.1 and subitem 5.2.1 of Item 5.2 of the Provision of the Bank of Russia No. 372-P".

1.31. "Item 1.9 of this provision" to add Item 24.1 after words with words ", subitem 5.1.3 of Item 5.1 and subitem 5.2.3 of Item 5.2 of the Provision of the Bank of Russia No. 372-P".

1.32. To add Item 26.3 after the words "with credit institutions" with the words "and nonresident banks".

1.33. Third Item 26.22 to state the paragraph in the following edition:

"from write-off of shortages of cash liquidity, the amounts according to the bank notes having counterfeit signs - on symbol 48605;".

1.34. The paragraph one of Item 28.1 after the words "except for share premium" to add with words of "the non-paid financing provided to credit institution by shareholders, participants, deposits to property of limited liability company".

1.35. In Item 28.2:

after the paragraph of the fourth to add with paragraphs of the following content:

"effective part of value addition of hedging instrument of cash flows;

effective part of value addition of hedging instrument of net investment in foreign operation;

transfer in structure of profit and loss of cumulative reduction of cost of hedging instrument from cash flow hedging in the same date when the hedged future cash flows exert impact on the income or expenses;

transfer in structure of profit and loss of cumulative reduction of cost of hedging instrument from hedging of net investment in foreign operation in case of disposal or partial disposal of foreign operation.";

in subitem 28.2.3 of the word "on symbol 72604" shall be replaced with words "on symbol 71604";

in subitem 28.2.4 of the word of "subsection 7" shall be replaced with words "subsection 9";

add with subitem 28.2.5 of the following content:

"28.2.5. Increase in Articles of other comprehensive income as a result of value addition of hedging instruments is reflected in OFR on the corresponding symbols of the subsection 7 "Value Addition of Hedging Instruments" of the Section 1 "Increase in Articles of Other Comprehensive Income" of part 7 "Other comprehensive income".

Increase in Articles of other comprehensive income as a result of transfer in structure of profit and loss of cumulative reduction of cost of hedging instruments is reflected in OFR on the corresponding symbols of the subsection 8 "Transfer in Structure of Profit and Loss of Cumulative Reduction of Cost of Hedging Instruments" of the Section 1 "Increase in Articles of Other Comprehensive Income" of part 7 "Other comprehensive income".".

1.36. In Item 28.3:

after the paragraph of the fourth to add with paragraphs of the following content:

"effective part of reduction of cost of hedging instrument of cash flows;

effective part of reduction of cost of hedging instrument of net investment in foreign operation;

transfer in structure of profit and loss of cumulative value addition of hedging instrument from cash flow hedging in the same date when the hedged future cash flows exert impact on the income or expenses;

transfer in structure of profit and loss of cumulative value addition of hedging instrument from hedging of net investment in foreign operation in case of disposal or partial disposal of foreign operation.";

in the paragraph the second subitem 28.3.2 of the word "No. 10601" property increase in value in case of revaluation "shall be replaced with words" No. 10601 "Increase in value of fixed assets in case of revaluation";

in subitem 28.3.5 of the word of "subsection 7" shall be replaced with words "subsection 9";

add with subitem 28.3.6 of the following content:

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