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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of March 1, 2021 No. 52

About financial accounting of transactions with securities

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 with securities 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 preamble of the word of "Article 26" shall be replaced with words "the paragraph of the thirty seventh of Article 26 and part one of Article 39";

in the Instruction for recognition in financial accounting of the income and expenses approved by this resolution:

in Item 3:

third to state part in the following edition:

"The term "depreciation of award (discount)" matters, determined by the paragraph the second parts one of Item 2 of the Instruction for financial accounting of transactions with securities approved by the resolution of Board of National Bank of the Republic of Belarus of March 1, 2021 No. 52.";

after part three to add Item with parts of the following content:

"The term "fair value" matters, determined by the International accounting standard (IFRS) 13 "Assessment of fair value" enacted by the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of August 19, 2016 No. 657/20 "About enforcement in the territory of the Republic of Belarus of the International accounting standards and their Explanations accepted by Fund of International accounting standards".

The terms "financial asset", "financial liability" have the values determined by the International accounting standard (IAS) 32 "Financial instruments: representation", the enacted resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of August 19, 2016 No. 657/20.";

"banks, "Development Bank of the Republic of Belarus" open joint stock company and the non-bank credit and financial organizations" to exclude from word part four;

in Item 11:

in part one of the word "on securities in the form of the interest or discount income" shall be replaced with words "in the form of percent (discount), depreciation of discount on the acquired securities, depreciation of premium to the emitted (issued) securities";

in part two of the word "on the emitted (issued) securities" shall be replaced with words "in the form of percent (discount), depreciation of discount on the emitted (issued) securities, depreciation of premium to the acquired securities";

the fourth to exclude part;

the fifth to state part in the following edition:

"The procedure of payments of interest incomes and interest expenses in the form of percent (discount) on securities, remunerations (income) of the lessor on transactions of finance lease (leasing) (further - leasing) is established by separate acts of the legislation.";

in Item 21:

from part one of the word "income on securities in the form of the interest or discount income" to exclude;

after part one to add Item with part of the following content:

"Interest incomes of the accounting period on securities are recognized financial accounting:

banks in case of simultaneous observance of the conditions determined by subitems 18.1 and 18.2 of Item 18 of this Instruction taking into account requirements of the Instruction for financial accounting of transactions with securities;

National Bank in case of simultaneous observance of the conditions determined by subitems 18.1-18.3 of Item 18 of this Instruction.";

in word part six "parts of the first or fourth" shall be replaced with words "part one, the paragraph third parts two, parts of the third or sixth";

in Item 22:

"banks, "Development Bank of the Republic of Belarus" open joint stock company and the non-bank credit and financial organizations" to exclude from paragraph one of part one of the word;

from parts two and heel the word", the issuer" to exclude;

in Item 25:

to exclude from part one of the word "expenses on the emitted (issued) securities";

after part one to add Item with part of the following content:

"Interest expenses of the accounting period on securities are recognized financial accounting:

banks in case of simultaneous observance of the conditions determined by Item 19 of this Instruction taking into account requirements of the Instruction for financial accounting of transactions with securities;

National Bank in case of simultaneous observance of the conditions determined by Item 19 of this Instruction.";

in Item 26 to replace the word of "fourth" with the word "heel";

in parts four and the seventh Item 30 "heel" to replace the word with the word "sixth";

the second Item 43 to state part in the following edition:

"In case of non-execution or improper execution of obligations of the client, issuer on payment of the income in time, provided by the agreement and (or) the legislation:

the uncollected (half-received) amounts which are registered on balance sheet accounts on accounting of imputed incomes (except for the interest incomes added by banks on securities), belong no later than the next working day into the corresponding balance sheet accounts on accounting of the overdue income;

(half-received) banks uncollected amounts which are registered on balance sheet accounts on accounting of the added interest incomes on securities continue to be considered on the same balance sheet accounts;

the uncollected (half-received) amounts which are registered on off-balance accounts on accounting of the added percent, the commissions, penalties (penalties, penalty fee), other payments, belong no later than the next working day into the corresponding off-balance accounts on accounting of interest arrears, the commissions, penalties (penalties, penalty fee), other payments.";

to add Item 62 part one after the words "Reserves according to the Added and Uncollected Income" with words ", except for added and uncollected interest incomes on securities,";

2.2. in the resolution of Board of National Bank of the Republic of Belarus of May 13, 2011 No. 176 "About approval of the Instruction for financial accounting of forming and use of special reserves on covering of possible losses":

in word preamble of "the paragraph of the twenty second" shall be replaced with words "the paragraph of the thirty seventh";

in the Instruction for financial accounting of forming and use of special reserves on covering of possible losses approved by this resolution:

in Item 1:

"banks, "Development Bank of the Republic of Belarus" open joint stock company and the non-bank credit and financial organizations" to exclude from paragraph one of the word;

add Item with part of the following content:

"Requirements of this Instruction are not applied in case of financial accounting of forming and use of special reserve on assets in the form of securities which is performed according to the Instruction for financial accounting of transactions with securities approved by the resolution of Board of National Bank of the Republic of Belarus of March 1, 2021 No. 52.";

to exclude paragraphs of the sixth and seventh part one of Item 3;

exclude Item 5;

in Item 6:

in subitem 6.1:

from figure paragraph two", 9440" to exclude;

from the paragraph of third of figure", 472X, of 4732, of 4733, 4734" to exclude 4730,;

in subitem 6.2:

from figure paragraph two", 9440" to exclude;

from the paragraph of the fifth of figure", 472X, of 4732, of 4733, 4734" to exclude 4730,;

in Item 61 part one:

from paragraphs two and the fifth figures", 472X, 4730, of 4732, of 4733, 4734" to exclude;

to exclude from the paragraph of the fourth word "Republic of Belarus";

in Item 7:

in subitem 7.1:

from figure paragraph two", 472X, of 4732, of 4733, 4734" to exclude 4730,;

from the paragraph of third of figure", 8440" to exclude;

in subitem 7.2:

from figure paragraph two", 472X, of 4732, of 4733, 4734" to exclude 4730,;

from the paragraph of the fifth of figure", 8440" to exclude;

state Item 8 in the following edition:

"8. Write-off of bad debt at the expense of special reserve on assets in financial accounting is reflected as follows:

D-t 191X, 192X, 29XX, 3928, 6590 - accounts on accounting of reserves on covering of possible losses

K-t 13XX, 15XX, 180X, 20XX, 21XX, 23XX, 24XX, 25XX, 26XX, 380X, 65HH - accounts on accounting of principal debt.

Receipt: 9989X - accounts on accounting of the debt which is written off because of impossibility of collection - in debt currency.

Write-off of bad debt in foreign currency at the expense of the special reserve on assets considered in Belarusian rubles and brought into accord to the amount of settlement special reserve on assets on the official rate for transaction date in financial accounting is reflected as follows:

D-t 191X, 192X, 29XX, 3928, 6590 - accounts on accounting of reserves on covering of possible losses

K-t 6911 "Ruble equivalent of foreign exchange position";

D-t 6901 "Foreign exchange positions"

K-t 13XX, 15XX, 180X, 20XX, 21XX, 23XX, 24XX, 25XX, 26XX, 380X, 65HH - accounts on accounting of principal debt.

Receipt: 9989X - accounts on accounting of the debt which is written off because of impossibility of collection - in debt currency.

Write-off of bad debt by the acquired rights of monetary claim is performed taking into account requirements of the Instruction for financial accounting of transactions of the concession of the rights of monetary claim approved by the resolution of Board of National Bank of the Republic of Belarus of March 29, 2019 No. 137.";

the first and second Item 81 to exclude parts;

in Item 82:

in part one:

state paragraph two in the following edition:

"D-t 13XX, 15XX, 180X, 20XX, 21XX, 23XX, 24XX, 25XX, 26XX, 380X, 65HH - the corresponding accounts on accounting of principal debt";

third to exclude the paragraph;

from the paragraph of the fourth of figure", 472X, of 4732, of 4733, 4734" to exclude 4730,;

third to exclude part;

from the paragraph of third of part one of Item of the 9th figure", 8440" to exclude;

2.3. in the resolution of Board of National Bank of the Republic of Belarus of August 29, 2013 No. 506 "About establishment of 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 and approval of the Instruction about procedure for application of 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:

in word preamble of "the paragraph of the thirty fifth" shall be replaced with words "the paragraph of the thirty seventh";

in appendix 1 to this resolution: 

state class 4 in the following edition:

"CLASS 4 SECURITIES

 




41

 

 

THE SECURITIES CARRIED AT FAIR VALUE THROUGH THE PROFIT OR LOSS

 

 

410

 

The debt securities carried at fair value through profit or loss

 

 

 

4100

The debt securities of National Bank carried at fair value through profit or loss

And

 

 

4101

The debt securities of banks carried at fair value through profit or loss

And

 

 

4102

The debt securities of the specialized financial organizations carried at fair value through profit or loss

And

 

 

4103

The debt securities of subjects of managing carried at fair value through profit or loss

And

 

 

4104

The debt securities of state bodies carried at fair value through profit or loss

And

 

 

4105

Discount according to the debt securities carried at fair value through profit or loss

P

 

 

4106

Premium (discount) to the debt securities carried at fair value through profit or loss

A-P

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