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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of January 28, 2016 No. 19

About approval of Rules of carrying out by National Bank of the Republic of Kazakhstan of transactions with cash foreign currency

For the purpose of implementation of the Law of the Republic of Kazakhstan of November 24, 2015 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning the idle credits and assets of banks of the second level, rendering financial services and activities of the financial organizations and National Bank of the Republic of Kazakhstan" Board of National Bank of the Republic KAZAKHSTANPOSTANOVLYAET:

1. Approve the enclosed Rules of carrying out by National Bank of the Republic of Kazakhstan of transactions with cash foreign currency.

2. To department of monetary transactions and asset managements (Moldabekova A. M.) in the procedure established by the legislation to provide:

1) together with Legal support department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction of this resolution in the republican state company on the right of economic maintaining "The republican center of legal information of the Ministry of Justice of the Republic of Kazakhstan";

on official publication in information system of law of Ad_let within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan;

for inclusion in the State register of regulatory legal acts of the Republic of Kazakhstan, Reference control bank of regulatory legal acts of the Republic of Kazakhstan within ten calendar days from the date of its obtaining by National Bank of the Republic of Kazakhstan after state registration in the Ministry of Justice of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication.

3. To department of the international relations and public relations (Kazybayev A. K.) provide the direction of this resolution on official publication in periodic printing editions within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Pirmatov G. O.

5. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the relations which arose since February 1, 2016.

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2016 No. 19

Rules of carrying out by National Bank of the Republic of Kazakhstan of transactions with cash foreign currency

These rules of carrying out by National Bank of the Republic of Kazakhstan of transactions with cash foreign currency (further - Rules) are developed according to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" and of June 13, 2005 "About currency control and currency exchange control" (further - the Law on currency control and currency exchange control) and determine procedure for carrying out by National Bank of the Republic of Kazakhstan (further - National Bank) transactions with cash foreign currency.

1. General provisions

1. In Rules the concepts provided by the Law on currency control and currency exchange control and also the following concepts are used:

1) the interbank market - set of the relations arising when implementing transactions on purchase and (or) sale of cash foreign currency in the unorganized market;

2) value date - day of implementation of payment under the concluded bargain;

3) settlement division - the division of National Bank perfroming calculations for purchase transactions (sale) of cash foreign currency and national currency of the Republic of Kazakhstan;

4) the working day - period of time during which the financial organizations of the Republic of Kazakhstan are open for carrying out transactions with cash foreign currency;

5) commission fee - the payment levied for cashing in and other expenses including delivery and insurance;

6) the financial automated system of transport of information (further - FASTI) - the special communication channel having protection against unauthorized access to the sent documentation;

7) the counterpartner - the participant of the transaction with National Bank on transactions with cash foreign currency;

8) the worker - the ranking officer of trade, settlement division of National Bank, Center or territorial branch of National Bank (further - branch of National Bank) authorized on carrying out transactions with foreign cash;

9) division on work with cash - the division of National Bank performing coordination of transportation and storage of cash foreign currency;

10) transactions with cash foreign currency - purchase (sale) of cash foreign currency, by the conclusion of the transaction;

11) transaction date - the actual day of the conclusion of the transaction between National Bank and the counterpartner;

12) the Agreement on the conclusion of transactions - the agreement signed between National Bank and the counterpartner;

13) the transaction certificate (trade-tiket) - the document confirming the conclusion of the transaction according to the parameters specified in it, statutory rules;

14) operational day - period of time during which the National Bank performs transactions with cash foreign currency;

15) Center - Center of cash transactions and storage of values (branch) of National Bank;

16) trade division - the division of National Bank responsible for implementation of purchase transactions (sale) of cash foreign currency;

17) carrier - the nonresident organization of the Republic of Kazakhstan with which the National Bank signed the agreement on receipt of services in transportation of goods;

18) management of National Bank - Chairman of National Bank, vice-chairmen of National Bank;

19) systems of Bloomberg, Reuters Dealing - complexes of specialized software and oborudovaniye by means of which communication between their users for the purposes of the conclusion of transactions is performed;

20) CIP (Cost, Insurance, Paid to) - conditions according to which the seller shall sign the transportation agreement and incur the shipping charges necessary for the goods delivery to the approved destination. The seller also signs the insurance contract covering risk of loss or damage of goods during transportation;

21) ISO - The International Organization for Standardization which is engaged in release of standards;

22) SWIFT - the international interbank system of information transfer (Society of the world interbank financial telecommunications).

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