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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of July 23, 2012 No. 377

About approval of the Instruction about procedure for attraction of money of banks by National Bank of the Republic of Belarus in deposits

(The last edition from 24-08-2016)

Based on the paragraph of the seventeenth 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 enclosed Instruction about procedure for attraction of money of banks by National Bank of the Republic of Belarus in deposits.

2. Recognize invalid:

the resolution of the Board of directors of National Bank of the Republic of Belarus of April 2, 2008 No. 95 "About entering of amendments and changes into the Instruction about procedure for attraction by National Bank of the Republic of Belarus for money of banks and non-bank credit and financial organizations in deposits" (The national register of legal acts of the Republic of Belarus, 2008, No. 97, 8/18627);

the resolution of Board of National Bank of the Republic of Belarus of May 20, 2010 No. 165 "About modification and amendments in the resolution of the Board of directors of National Bank of the Republic of Belarus of January 12, 2007 No. 10" (The national register of legal acts of the Republic of Belarus, 2010, No. 134, 8/22396).

3. This resolution becomes effective since February 1, 2013.

Chairman of the board

N. A. Ermakova

Approved by the Resolution of Board of National Bank of the Republic of Belarus of July 23, 2012 No. 377

The instruction about procedure for attraction of money of banks by National Bank of the Republic of Belarus in deposits

Chapter 1. General provisions

1. This Instruction determines procedure for carrying out by National Bank of the Republic of Belarus (further - National Bank) transactions by attraction of money of banks of the Republic of Belarus (further - banks) in Belarusian rubles in deposits (further - deposit transactions).

The purpose of deposit transactions - liquidity regulation (withdrawal of excessive liquidity) of bank system by attraction of money of banks in deposits.

2. The National Bank performs the following types of deposit transactions:

acceptance of deposits on fixed interest rate;

acceptance of deposits by results of deposit auctions.

3. According to the decision of National Bank carrying out any kind of deposit transactions with any bank can be temporarily suspended.

4. Deposit operations are performed according to the procedure, established by this Instruction, based on the general agreement of the term deposit signed between bank and National Bank and the following documents (depending on type of deposit transaction):

in case of acceptance of deposits on fixed interest rate:

the letter of National Bank on conditions of acceptance of means of banks in deposits on fixed interest rate;

the electronic payment document on money transfer in the deposit on fixed interest rate;

in case of acceptance of deposits by results of deposit auctions:

the request of bank for participation in deposit auction (further - the request);

the protocol on satisfaction of the request of bank for participation in deposit auction (further - the protocol on satisfaction of the request of bank);

the electronic payment document on money transfer as deposit for participation in deposit auction (further - deposit);

the electronic payment document on money transfer in the deposit by results of deposit auction.

In case of the conclusion of the general agreement of term deposit regulations of Chapter 21 of the Bank code of the Republic of Belarus on the agreement of term bank deposit (deposit) taking into account the features established by this Instruction are applied.

5. Day of acceptance of money in the deposit is day of transfer of deposit amount into the account in National Bank.

6. Day of return of the deposit day of transfer by National Bank of deposit amount and the percent added on it on correspondent account of bank in National Bank is considered. The National Bank performs return of the money accepted in the deposit, and interest payment on them from 10:00 to 12:00 in the afternoon return of the deposit.

7. Charge of deposit interests is performed according to the general agreement of term deposit on the interest rate corresponding to this deposit operating for date of acceptance of money in the deposit or established following the results of deposit auction.

8. The deposit placed in National Bank both on fixed interest rate and by results of deposit auction, is not subject to return before the deposit expiration.

Terms of return of the deposits placed in National Bank cannot be prolonged.

Account statements on accounting of term deposits of banks and inclinations go to banks National Bank in electronic form through system of transfer of financial information (further - SPFI) next day after making of deposit transaction, and also as of January 1.

9. In case of untimely return of the deposit to bank the National Bank pays to bank penalty fee according to the general contract of term deposit signed between National Bank and bank.

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