RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of May 28, 2025 No. 128

About approval of Regulations about the permanent benefits and intra day credit benefit provided to banks by National Bank of Moldova

Based on part (1) and (2) Art. 18 and Art. 45 of the Law on National Bank of Moldova No. 548/1995 (repeated publication: The official monitor of the Republic of Moldova, 2015, Art. No. 297-300, 544) DECIDES: Executive committee of National Bank of Moldova

1. Approve Regulations about the permanent benefits and intra day credit benefit provided to banks by National Bank of Moldova it (is applied).

2. Recognize invalid:

2.1. The resolution of Administrative board of National Bank of Moldova No. 65/2003 "About approval of Regulations about the deposits overnight accepted by National Bank of Moldova from banks" (The official monitor of the Republic of Moldova, 2003, Art. No. 84-86, 121);

2.2. Item 1 of the Resolution of Executive committee of National Bank of Moldova No. 171/2018 "About approval, change and recognition voided some regulations of National Bank of Moldova" and appendix No. 1 to it (The official monitor of the Republic of Moldova, 2018, the Art. No. 277-284, 1172) registered in the Ministry of Justice of the Republic of Moldova at No. 1347 of July 23, 2018.

Approved by the Resolution of National Bank of the Republic of Moldova of May 28, 2025 , No. 128

Regulations about the permanent benefits and intra day credit benefit provided to banks by National Bank of Moldova

Chapter I. General provisions

1. The regulations about the permanent benefits and intra day credit benefit provided to banks by National Bank of Moldova (further - regulations) establish rules and procedure for provision to banks and departments of banks of other states licensed by National Bank of Moldova (further - banks), permanent benefits and intra day credit benefit in national currency.

2. The National Bank of Moldova (the equivalent name - National Bank) provides to banks access to constants benefits and intra day credit benefit on their own initiative.

3. The following categories belong to permanent benefits:

3.1. limiting credit benefit;

3.2. deposit benefit.

4. The National Bank provides access to permanent benefits only according to the purposes of the monetary management.

5. Level of interest rates for permanent benefits is established by Executive committee of National Bank by means of decisions on monetary management.

6. The interest rates applicable to permanent benefits are published on the official site of National Bank and are brought to the attention of banks timely after approval by means of the notification directed by e-mail.

7. The National Bank can change the conditions applicable to permanent benefits, or can suspend permanent benefits at any time.

8. The intra day credit benefit is provided without percent.

9. For the purpose of these regulations, underwritten terms and expressions have the following values:

9.1. the assets acceptable for providing - the government securities and certificates of National Bank of Moldova issued in the form of record on the account, having repayment period at least 3 working days after the end of transaction of limiting provision of credit benefit / intra day credit benefit;

9.2. Single Central Securities Depository (further - Single central depositary) - the subject determined in article 2 of the Law No. 234/2016 on Single Central Securities Depository;

9.3. limiting credit benefit - the permanent benefit offered by National Bank which banks can use for receipt of the credits overnight on predefined interest rate provided that they have the sufficient assets acceptable for providing. The loan overnight is granted with settlement date on the same day, as transaction date, and repayment period the next working day;

9.4. intra day credit benefit - the benefit offered by National Bank which banks can use for receipt of the credits for term less than one operational day (intra overnight credits), on condition of availability at them the sufficient assets acceptable for providing;

9.5. deposit benefit - the permanent benefit offered by National Bank which banks can use for placement of deposits overnight, with remuneration on predefined interest rate. Deposit repayment period overnight - the first operational day following behind day of deposit placement;

9.6. system of Single central depositary - the settlement system on securities managed by Single central depositary, providing provision of services of registration of securities, centralized administration, calculation and, if necessary, support services.

Chapter II. Conditions of access to permanent benefits and to intra day credit benefit

10. Without prejudice to provisions of item 4 and 7, access to limiting credit benefit and to intra day credit benefit can be provided to the banks which are in total answering to the following conditions:

10.1. signed with National Bank the Agreement on provision of permanent benefits and intra day credit benefit, according to the framework agreement provided in appendix;

10.2. are participants of the automated system of internal payments (further - ASVP) and Single central depositary;

10.3. according to rules and procedures of Single central depositary reserved on the accounts opened in system of Single central depositary, the assets acceptable for providing in sufficient amount for receipt of the intra day credits / credits overnight;

10.4. participations in the transactions in the money market performed by National Bank of Moldova, provided by item 5-7 of Regulations about transactions in the money market of the National Bank of Moldova approved by the Resolution of Administrative board of National Bank of Moldova No. 188/2014, comply with conditions and are not in one of the situations of default on obligations provided by item 118 of the specified regulations.

11. Without prejudice to provisions of item 4 and 7, can get access to deposit benefit banks which in total correspond to the following conditions:

11.1. signed the agreement specified in subitem 10.1 with National Bank of Moldova;

11.2. are members of ASVP;

11.3. participations in the transactions in the money market performed by National Bank of Moldova, provided by item 5-7 of Regulations about transactions in the money market of the National Bank of Moldova approved by the Resolution of Administrative board of National Bank of Moldova No. 188/2014, comply with conditions and are not in one of the situations of default on obligations provided by item 118 of the specified regulations.

12. Provision of intra overnight credits within credit benefit during the day and the credits overnight within limiting credit benefit is caused by their providing with assets, acceptable for guaranteeing.

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