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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 the Republic of Belarus for banks of the Republic of Belarus in the form of transactions of SVOP

(as amended of the Resolution of Board of National Bank of the Republic of Belarus of 02.06.2016 No. 297)

Based on the paragraph of the ninth of Article 26, the Board of National Bank of the Republic of Belarus DECIDES: parts five of Article 31 and part one of article 39 of the Bank code of the Republic of Belarus

1. Approve the enclosed Instruction about procedure for refinancing by National Bank of the Republic of Belarus for banks of the Republic of Belarus in the form of transactions of SVOP.

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 the Republic of Belarus for banks of the Republic of Belarus in the form of transactions of SVOP

Chapter 1. General provisions

1. This Instruction regulates procedure for refinancing by National Bank of the Republic of Belarus (further - National Bank) banks of the Republic of Belarus (further - 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.

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