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RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 28, 2013 No. 10/6

About approval of the Provision "About Release, Placement, the Address and Repayment of Notes of National Bank of the Kyrgyz Republic"

(as amended on 14-12-2022)

According to articles 7 and 43 of the law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the Provision "About Release, Placement, the Address and Repayment of Notes of National Bank of the Kyrgyz Republic" it (is applied).

2. Declare invalid the Provision "About Release, Placement, the Address and Repayment of Notes of National Bank of the Kyrgyz Republic" approved by the resolution of Board of National Bank of the Kyrgyz Republic of December 10, 2008 No. 45/11, registration number of the Ministry of Justice of the Kyrgyz Republic of January 08, 2009 No. 3-09 from the date of enforcement of regulations of the Provision "About Release, Placement, the Address and Repayment of Notes of National Bank of the Kyrgyz Republic" according to Item 6 of this resolution.

3. Publish this Resolution on the official site of National Bank of the Kyrgyz Republic.

4. After official publication to send to Legal management this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

5. This resolution becomes effective after 15 days from the date of official publication.

6. Determine that regulations of the Provision "About Release, Placement, the Address and Repayment of Notes of National Bank of the Kyrgyz Republic", are applied from the moment of input of the Automated trade system in commercial operation.

7. To management of monetary transactions to bring this resolution to the attention of commercial banks.

8. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Abdybala tegin Page.

Chairman

Z.Asankozhoyeva

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of March 28, 2013 No. 10/6

Regulations on release, placement, address and repayment of notes of National Bank of the Kyrgyz Republic

1. General provisions

1. This Provision determines procedure for release, placement, the address and repayment of notes of National Bank of the Kyrgyz Republic (further - notes of National Bank) in the territory of the Kyrgyz Republic through the automated trade system of National Bank (further - automatic telephone exchange).

2. Release of notes of National Bank is performed by National Bank of the Kyrgyz Republic (further - National Bank) according to Articles 6, 13 and 26 constitutional Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic".

3. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 25.10.2017 No. 2017-P-09/45-9-(NPA)

4. The Cabinet of Ministers of the Kyrgyz Republic does not incur obligations on notes of National Bank.

5. Assignment of registration number on notes of National Bank is performed according to the Provision "About Procedure for Assignment of Registration Number State both to Municipal Securities and Maintaining the Register State and Municipal Securities in the Kyrgyz Republic" approved by the order of the Government of the Kyrgyz Republic and National Bank of September 13, 2010 No. 201.

6. The conditions and rules established by Regulations on work of the Automated trade system of National Bank of the Kyrgyz Republic (further - Regulations on work of automatic telephone exchange) extend to this Provision.

2. Determinations and terms

For the purposes of this provision, except provided below, the determinations and terms established in Regulations on work of automatic telephone exchange are applied:

7. Auction - form of the biddings by notes of National Bank.

8. Additional placement of notes of National Bank - sale of notes of National Bank on the weighted average yield which developed at the last taken place biddings;

9. Working interest owner - the commercial bank licensed by National Bank, having the correspondent/current account in National Bank (further - Bank), the Social fund of the Kyrgyz Republic and Agency on protection of deposits of the Kyrgyz Republic which signed with National Bank the relevant agreement on work in the market of notes of National Bank (Appendix 1, 2).

10. The indirect participant - the physical, legal entity, not being working interest owner of auction, submitting purchasing requests of notes of National Bank through the commercial banks which are working interest owners.

11. Key parameters of release of notes of National Bank - the data including date of auction, holding the auction method, date of additional placement, registration number of release of notes of National Bank, release amount, the maximum profitability, dates of issue and repayments of notes of National Bank;

12. Stop-out price - the price on which the satisfaction of requests comes to an end.

3. General terms of release, placement, address, servicing and repayment of notes of National Bank

13. Release of notes of National Bank is performed by National Bank for the purpose of monetary policy realization. Notes of National Bank are the instrument of monetary policy used by National Bank for regulation of amount and structure of money supply.

14. Nominal value of one note of National Bank - 10 000 (ten thousand) som.

15. Notes of National Bank are discount securities with circulation periods from 7 to 364 days. The board of National Bank has the right to establish other circulation periods of notes of National Bank.

16. Notes of National Bank are issued in paperless form.

17. The committee of monetary control of National Bank (further - KDKR) makes the decision on release of notes of National Bank and the method, amount, urgency, the maximum profitability, date of auction is established, and also the decision on carrying out additional placement of notes of National Bank is made.

18. The National Bank publishes parameters of release of notes of National Bank on the website of National Bank and in automatic telephone exchange.

19. Parameters of additional placement of notes of National Bank are brought to the attention of working interest owners by means of automatic telephone exchange and on fax connection.

20. Placement of notes of National Bank is performed on auction basis by means of automatic telephone exchange and can be carried out by other method, according to the rules established by National Bank.

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