Approved by Board decision of National Bank of the Azerbaijan Republic of November 3, 2004 the Protocol No. 19

Rules about the centralized credit register

1. General provisions

1.1. These rules are developed according to the Laws of the Azerbaijan Republic "About banks", "About National Bank of the Azerbaijan Republic", "About non-bank credit institutions" and also other legal acts of the Azerbaijan Republic and regulate operating mode of the Centralized Credit Register (further - TsKR) national bank of the Azerbaijan Republic (further - National Bank), including nature of information, rule and condition, provision and receipt of information.

1.2. μR obtain reliable information about the current and potential borrowers of the banks and non-bank credit institutions (further - BOKT) determined by the Law of the Azerbaijan Republic "About non-bank credit institutions", to encourage borrowers to market discipline, protection of reputation of borrowing, and also for encouragement of banks and BOKT it is created for the purpose of decrease in credit risks.

1.3. Data μR can be used only for the purpose of banking supervision, decrease in credit risks of banks and NBFK.

1.4. TsKR is created in the form of the database which does not have organizational structure in National Bank.

1.5. For the purposes of these rules the following concepts are used:

The credits credits provided for date of the report, and also guarantee and the guarantee, the open credit lines, credit lines established on credit cards, the line of the overdraft, the credits which are written off from balance. Here interbank credits and the credits of branches of authorized banks of the Azerbaijan Republic abroad are not considered;

Set of credit requirements to one zayemshchikusovokupnost of remaining balance of the amount of the loans granted for date of the report, the amount of complete limits of open credit lines, the amounts of the complete limits of credit lines set on credit cards, the amounts of the complete limits set on lines of the overdraft, and amount of the credits which are written off from balance;

Potential borrowers - the legal entities and physical persons applying for the loan to bank or BOKT;

The current borrowers - the legal entities and physical persons which are debtors before bank or BOKT on?? to the credit agreement signed with bank or BOKT;

Considerable share - immediate or mediocre possession of shares, component of 10 and more percent of share capital or voting power, or giving the chance of essential impact on decision making of the legal entity in which he is participant under the agreement;

Group of borrowers - the group of persons consisting of the borrowers having owners of identical considerable share and owners of this considerable share, including also the borrower.

PIN code - the individual identification number used in the identity certificate;

The guarantor - person guaranteeing payment of credit debt;

Group of co-borrowers are the faces provided according to the Law of the Azerbaijan Republic "About non-bank credit institutions".

2. Data presentation in TsKR

2.1. Banks, including from what it is revoked and the banking license is in process of response, without fail inform MKR on the credits of legal and physical persons borrowers.

2.2. Data on the credits are represented to TsKR with their residual cost in the corresponding accounting register (without deduction of the reserve amounts created for possible losses).

2.3. Banks and BOKT shall provide the information in TsKR on each credit of the borrowers who are physical and legal to persons in any currency, and also about each credit of the borrowers who are physical persons on credit cards in any currency.

2.4. If set of credit requirements of banks to one borrower on reporting date is in the limits specified in Item 2.3. these rules, or above, about each credit of such borrower data are represented to TsKR.

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