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The document ceased to be valid since January 1, 2020 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 23, 2019 No. 240

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 24, 2014 No. 257

About approval of Rules of reference of the financial organizations to number of backbone

(as amended of the Resolution of Board of National Bank of the Republic of Kazakhstan of 28.01.2016 No. 32)

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of reference of the financial organizations to number of backbone.

2. This resolution becomes effective since July 1, 2015 and is subject to official publication.

Chairman of National Bank

K. Kelimbetov

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2014 No. 257

Rules of reference of the financial organizations to number of backbone

1. These rules of reference of the financial organizations to number backbone (further - Rules) determine procedure for reference of the financial organizations to number backbone within implementation of macroprudential regulation.

2. For the purposes of Rules the following concepts are used:

1) systemically important bank - bank on which stable functioning stability of financial system of the country in general or its separate segments depends;

2) the systemically important infrastructure financial organization - the professional participant of the security market on which stable functioning stability of functioning of the security market depends;

3) the infrastructure financial organization - the organization performing one of the following types of professional activity in the security market:

organization of the biddings for securities and other financial instruments;

depository activity;

clearing activities for transactions with financial instruments;

activities for maintaining system of registers of security holders.

3. The purpose of establishment of criteria of reference of the financial organizations to number backbone is decrease in level of systemic risks of financial system and the prevention of their approach.

The financial organizations carried to number of backbone banks of the second level (further - banks) and the infrastructure financial organizations corresponding to the criteria established by Rules are recognized.

4. For reference of bank to number of systemically important banks the following criteria are used:

1) size of bank;

2) coherence of bank with members of the financial market;

3) interchangeability of bank;

4) complexity (complexity) of the operations performed by bank.

5. The indicators characterizing the size of bank are:

1) share of the amount of assets of bank in the total volume of assets of banks (P 1);

2) share of obligations of bank in the total volume of obligations of banks (P 2).

6. The indicators characterizing coherence of bank with members of the financial market are:

1) share of the amount of interbank assets, conditional requirements of bank in relation to banks (further - interbank assets) and investments of bank into the affiliated organizations in the total volume of interbank assets and investments of banks into the affiliated organizations (P 3);

2) share of the amount of interbank obligations, contingent obligations of bank before banks (further - interbank obligations) and the pension assets of "Single Accumulation Pension Fund" Joint-stock company invested in deposits to bank and to the securities issued by bank in the total volume of interbank obligations of the banks and pension assets of "Single Accumulation Pension Fund" Joint-stock company invested in deposits to banks and to the securities issued by banks (P 4);

3) share of the amount of the household deposits placed in bank which are subject to guaranteeing by "Kazakhstan Fund of Guaranteeing Deposits" Joint-stock company (further - Fund), in the total volume of the household deposits placed in the banks which are subject to guaranteeing by Fund (P 5).

7. The indicators characterizing interchangeability of bank are:

1) share of total amount of the payments of bank registered through interbank money transfer system, system of interbank clearing, payments in the market of electronic banking services (in network of bank), the payments and transfers which are carried out through the correspondent accounts opened between bank and its partners through systems of international money transfers (further - cashless payments), in the total volume of cashless payments of banks (P 6);

2) share of loan portfolio of bank in total loan portfolio of banks (P 7);

3) share of the assets accepted by bank on custodial servicing in the total volume of the assets accepted by banks on custodial servicing (P 8).

8. The indicators characterizing complexity (complexity) of the operations performed by bank are:

1) share of the amount of conditional requirements of bank for derivative financial instruments and foreign currency in the total volume of conditional requirements of banks for derivative financial instruments and foreign currency (P 9);

2) share of the amount of contingent obligations of bank on derivative financial instruments and foreign currency in the total volume of contingent obligations of banks on derivative financial instruments and foreign currency (P 10);

3) share of total amount of the securities carried by bank at fair value through profit or loss and the securities available at bank for sale in the total volume of the securities carried by banks at fair value through profit or loss and the securities available at banks for sale (P 11).

9. Measure calculation, 7 and 8 Rules specified in Items 5, of 6,, except for the indicator specified in the subitem 1) of Item 7 of Rules is performed as of the first day of quarter.

Calculation of the criterion specified in the subitem 1) of Item 7 of Rules is performed in quarter.

The period of calculation of average measure value includes four consecutive quarters preceding settlement date.

10. The generalizing indicator of bank (OP) is calculated by formula:

Формула к ПП НБ РК от 24.12.2014 №257

where:

OP - the generalizing indicator of bank;

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