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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of March 29, 2019 No. 137

About approval of the Instruction for financial accounting of transactions of concession of the rights of monetary claim

Based on the paragraph of the thirty seventh of Article 26 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 for financial accounting of transactions of concession of the rights of monetary claim it (is applied).

2. Make changes to the following resolutions of Board of National Bank of the Republic of Belarus:

2.1. in the resolution of Board of National Bank of the Republic of Belarus of July 30, 2009 No. 125 "About approval of the Instruction for recognition in financial accounting of the income and expenses in National Bank of the Republic of Belarus, banks and the non-bank credit and financial organizations of the Republic of Belarus, "Development Bank of the Republic of Belarus" open joint stock company:

state the name in the following edition:

"About approval of the Instruction for recognition in financial accounting of the income and expenses";

state Item 1 in the following edition:

"1. Approve the Instruction for recognition in financial accounting of the income and expenses it (is applied).";

in the Instruction for recognition in financial accounting of the income and expenses in National Bank of the Republic of Belarus, banks and the non-bank credit and financial organizations of the Republic of Belarus, "Development Bank of the Republic of Belarus" open joint stock company approved by this resolution:

state the name in the following edition:

"Instruction for recognition in financial accounting of the income and expenses";

state Item 1 in the following edition:

"1. This Instruction establishes procedure for recognition in financial accounting of the income and expenses in National Bank, banks, the non-bank credit and financial organizations and "Development Bank of the Republic of Belarus" open joint stock company (further - banks).";

in Item 3:

the second to state part in the following edition:

"The terms "income" and "expenses" have the values determined by the Law of the Republic of Belarus of July 12, 2013 No. 57-Z "About financial accounting and the reporting".";

from word part four" (2006, No. 184, 8/15214)" to exclude the national register of legal acts of the Republic of Belarus;

third Item 7 to state the paragraph in the following edition:

"banks - according to the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company established according to appendix 1 to the resolution of Board of National Bank of the Republic of Belarus of August 29, 2013 No. 506 (further - the Chart of accounts of banks).";

to state the paragraph of the sixth of Item 10 in the following edition:

"the income from reduction of reserves, expenses on contributions to reserves;";

in Item 11:

in part one of the word "discount on transactions of provision of financing under concession of monetary claim (factoring) (further-factoring)" shall be replaced with words "interest incomes by the acquired rights of monetary claim, including the income in type of the positive difference arising in case of acquisition of right of monetary claim in case of excess of the amount of monetary commitment of the debtor over the paid amount in the cases established by the legislation";

the second to add part with the offer of the following content: "Expenses in the form of the negative difference arising in case of acquisition of right of monetary claim in case of excess of the paid amount over the amount of monetary commitment of the debtor in the cases established by the legislation also belong to interest expenses (further - negative differences by the rights of monetary claim).";

the fourth after the word "issuer" to add part with words "(other obliged person)";

to exclude from part five of the word "and factoring";

"stones" to add Item 13 after the word with words ", on transactions of concession of the rights of monetary claim";

in Item 14 of the word "the legislation, and" shall be replaced with words "the legislation; court costs, including state fee, notarial rate and income from their compensation, and also";

state Item 15 in the following edition:

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