RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of April 23, 2014 No. 16/5

About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Required Reserves" of March 19, 2010 No. 8/2

List of amending documents

According to Articles 7, 22 and 43 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Make changes to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Required Reserves" of March 19, 2010 No. 8/2 (are applied).

2. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 14.11.2014 No. 50/1

3. To legal management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic;

- after official publication to send 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.

4. This resolution becomes effective since May 5, 2014.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Zheenbayeva B. Zh.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of April 23, 2014 No. 16/5

Changes in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Required Reserves" of March 19, 2010 No. 8/2

Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Required Reserves" of March 19, 2010 No. 8/2, the following changes:

in the Provision "About Required Reserves" approved by the above-stated resolution:

- Item 2.1. state in the following edition:

"2.1. Required reserves are calculated once for the period in four weeks, in the first working day of the current base period and are determined on the basis of daily average calculation base for the previous base period, and the size of required reserves established by Board of National Bank. The established value of required reserves acts on extent of four weeks of base period. The Somovy equivalent of the currency obligations entering calculation base is calculated on the rate established by Board of National Bank.";

- paragraphs of the third or seventh of Item 2.4. state in the following edition:

"ORT - required reserves for the current base period;

OBT-1 - the obligations of bank entering calculation base for each day of the previous base period;

At-1 - assets of bank by which amount on board decision of National Bank the calculation base, for each day of the previous base period is reduced;

Dt-1 - the number of the calendar days of the previous base period taken into consideration of required reserves, i.e. 28 days.";

- first offer of Item 2.5. state in the following edition:

"Calculation made according to Item 2.4. this provision, certified by the signature of the head of bank, it is represented in form according to Appendix 1 in National Bank, in the first working day of new base period till 12:00 o'clock.";

- first offer of Item 2.6. state in the following edition:

"Control of accomplishment of ORT is made upon termination of four-week base period.";

- Item 2.8. declare invalid;

- paragraph of the sixth of Item 3.2. state in the following edition:

"Д - number of calendar days of base period, i.e. 28 days.";

- To state appendices 1 and 2 of Provisions in the following edition:

"Appendix 1

to Regulations on required reserves, the Board of NBKR approved by the resolution of March 19, 2010 No. 8/2

Calculation of required reserves
from _________ on ___________

             ___________________________________________________

                     (name of commercial bank)

	Obligations	Remaining balance in the 36th PRBO form				Average for base period
		1 day	2 day		28 day
1 2 3 4	Settlement (current) accounts On-demand deposits Term deposits Accounts and deposits of the Government of the KR and regional authorities
5	Calculation base (1+2+3+4)
6	Foreign currency deposits in NBKR used for calculation of required reserves
7	Total (5-6)
8	Required reserves *

Notes: Required reserves are calculated according to Item 2.4. this provision. The painted-over cells are not filled.

Signature of the head of commercial bank

Seal

Appendix 2

to Regulations on required reserves, the Board of NBKR approved by the resolution of March 19, 2010 No. 8/2

Example of calculation of payment for non-compliance with ORT

                                                                  (catfishes)

item No. п	Accounting period	Correspondent account NBKR (K)	Required reserves (Р)	Variation from required reserves (K-R)	Minimum level of ORT (R*mort)	Variation from the minimum required reserves (Ohms)
1	2	3	4	5	7	8
1 2 3 4 5 6 7	24.03.2014 25.03.2014 26.03.2014 27.03.2014 2S.03.2014 29.03.2014 30.03.2014	159 495 187 185 474 061 106 536 087 194090 715 191 346 946 191 346 946 191 346 946	191 782 938 191 782 938 191 782 93S 191 782 938 191 782 938 191 782 938 191 782 938	- 32 287 751 - 6 308 877 - 85 246 851 2 307 777 - 435 992 - 435 992 - 435 992	134248 057 134 248 057 134 248 057 134 248 057 134 248 057 134 248 057 134 248 057	25 247 131 51 226 004 - 27 711 970 59 842 658 57 098 889 57 098 889 57 098 889
8 9 10 11 12 13 14	31.03.2014 01.04.2014 02.04.2014 03.04.2014 04.04.2014 05.04.2014 06.04.2014	166 066 879 164 756 914 205 058 890 249 696 970 206 221 430 206 221 430 206 221 430	191 782 938 191 782 938 191 782 938 191 782 938 191 782 938 191 7S2 938 191 782 938	- 25 716 059 - 27 026 024 13 275 952 57 914 032 14 438 492 14 438 492 14 438 492	134 248 057 134 248 057 134 248 057 134 248 057 134 248 057 134 248 057 134 248 057	31 818 822 30 508 857 70 810 833 115 448 914 71 973 373 71 973 373 71 973 373
15 16 17 18 19 20 21	07.04.2014 0S.04.2014 09.04.2014 10.04.2014 11.04.2014 12.04.2014 13.04.2014	165 661 072 163 311 661 186 628 282 226 704663 174 580 129 174 580 129 174 580 129	191 782 938 191 782 938 191 782 938 191 782 938 191 782 938 191 782 938 191 782 938	- 26 121 866 - 28 471 277 - 5 154 656 34921 725 - 17 202 809 - 17 202 809 - 17 202 809	134 248 057 134 248 057 134 248 057 134 248 057 134 248 057 134 248 057 134 248 057	31 413 015 29 063 604 52 380 225 92 456 606 40 332 072 40 332 072 40 332 072
22 23 24 25 26 27 28	14.04.2014 15.04.2014 16.04.2014 17.04.2014 18.04.2014 19.04.2014 20.04.2014	158 676 243 173 937 123 202 036 501 214 485 670 207 158 161 207 158 161 207 158 161	191 782 938 191 782 938 191 782 938 191 782 938 191 782 938 191 782 938 191 782 938	- 33 106 695 - 17 845 815 10 253 563 22 702 732 15 375 223 15 375 223 15 375 223	134 248 057 134 248 057 134248 057 134 248 057 134248 057 134 248 057 134 248 057	24 428 186 39 689 067 67 788 444 80 237 613 72 910 104 72 910 104 72 910 104
Total				- 109 385 351		13 856
Daily average variation (OS)				- 3 906 620
Executioner's block for non-compliance with ORT (Monday)				54 693

Formula of calculation of variation from required reserves:

To - correspondent account in NBKR

Р - required reserves

Formula of calculation of payment for non-compliance with ORT:

Monday - payment for non-compliance with required reserves

Wasps - daily average variation of correspondent account in NBKR from required reserves

The joint venture - rate of payment for non-compliance with ORT (in this case 18%)

Д - number of calendar days basic per yes (in this case 28 дн.)

Formula of calculation of variation from the minimum level of required reserves:

To - correspondent account in NBKR

Р - required reserves

Mort - the minimum level from amount of required reserves (in this case 70%)

Formula of calculation of payment for non-compliance with the minimum level of ORT:

Monday - payment for non-compliance with required reserves

Ohm - day variation of correspondent account in NBKR from required reserves

The joint venture - rate of payment for non-compliance with ORT (in this case 18%)

Д - number of days of non-compliance with the minimum level of ORT.

For information only:

The rate of payment for non-compliance with ORT is established in the amount of three-time average for base period of discount rate of NBKR.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info