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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of February 8, 2013 No. 76

About approval of the Instruction about procedure for refinancing by National Bank of banks in the form of transactions of SVOP

(as amended on 13-12-2023)

Based on part five of Article 31 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 about procedure for refinancing by National Bank of banks in the form of transactions of SVOP it (is applied).

2. Recognize invalid:

the resolution of the Board of directors of National Bank of the Republic of Belarus of December 21, 2005 No. 395 "About approval of the Instruction about procedure for carrying out by National Bank of the Republic of Belarus for transactions of SVOP with banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2006, No. 21, 8/13802);

the resolution of the Board of directors of National Bank of the Republic of Belarus of January 26, 2007 No. 32 "About introduction of amendments to the resolution of the Board of directors of National Bank of the Republic of Belarus of December 21, 2005 No. 395" (The national register of legal acts of the Republic of Belarus, 2007, No. 68, 8/15915);

the resolution of the Board of directors of National Bank of the Republic of Belarus of June 24, 2008 No. 192 "About modification and amendments in the Instruction about procedure for carrying out by National Bank of the Republic of Belarus for transactions of SVOP with banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2008, No. 161, 8/19049);

the resolution of the Board of directors of National Bank of the Republic of Belarus of December 24, 2009 No. 458 "About entering of amendments and changes into the Instruction about procedure for carrying out by National Bank of the Republic of Belarus for transactions of SVOP with banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 19, 8/21820);

the resolution of Board of National Bank of the Republic of Belarus of May 20, 2010 No. 164 "About modification of the resolution of the Board of directors of National Bank of the Republic of Belarus of December 21, 2005 No. 395 and recognition No. 154 which voided resolutions of Board of National Bank of the Republic of Belarus of October 26, 2005" (The national register of legal acts of the Republic of Belarus, 2010, No. 147, 8/22436).

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

Chairman of the board

N. A. Ermakova

It is approved

Prime Minister of the Republic of Belarus

M. Myasnikovich

February 7, 2013

It is approved

Chairman of the State Control Committee of the Republic of Belarus

A. S. Jacobson

January 22, 2013

Approved by the Resolution of Board of National Bank of the Republic of Belarus of February 8, 2013 No. 76

The instruction about procedure for refinancing by National Bank of banks in the form of transactions of SVOP

Chapter 1. General provisions

1. This Instruction regulates procedure for refinancing by National Bank of banks in the form of transactions of SVOP, including the relations arising in case of their making and execution.

2. In relation to this Instruction the transaction of SVOP is understood as purchase by National Bank from bank of foreign currency for Belarusian rubles (the direct transaction) with the obligation of sale of foreign currency for Belarusian rubles through the time (reversing transaction) determined by the parties by the transaction. At the same time the amount of foreign currency does not change.

3. The National Bank performs the following types of transactions of SVOP:

constantly available transactions of SVOP;

bilateral transactions of SVOP;

auction transactions of SVOP.

4. As constantly available transactions of SVOP the National Bank makes transactions of SVOP with completion date of reversing transaction the next working day after making of the direct transaction (SVOP overnight). The specified transactions are made at the initiative of banks, at the same time the National Bank has no right to refuse to banks making of constantly available transactions of SVOP in case of accomplishment by them of the requirements provided by this Instruction and requirements to forming of electronic documents and messages when implementing of the transactions by National Bank on regulation of liquidity of bank system established by the information technology developed by National Bank (further – technology), except for case, stipulated in Item the 7th this Instruction.

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