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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of February 10, 2016 No. 67

About some questions of implementation of activities in the Forex curb market

(as amended on 31-10-2022)

Based on Item part two 13, of paragraphs of the sixth, seventh, eleventh and twelfth Item 17, of paragraphs of third and fifth Item 18 of the Presidential decree of the Republic of Belarus of June 4, 2015 "About implementation of activities in the Forex curb market" and parts one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: No. 231

1. Establish:

1.1. risk limit Forex company (limiting ratio of cumulative open line item of clients (the amount of open line items of clients) on separate underlying asset and equity Forex company):

in the amount of 1,5 – for Forex companies, 5 million Belarusian rubles having authorized capital in the amount of at least 2, and equity in the amount of at least 5 million Belarusian rubles and managing directors of the risks by implementation in the procedure established by the legislation at least one of the following transaction types:

with securities (when implementing transactions with professional participants of the security market);

with precious metals (when implementing transactions with banks of the Republic of Belarus (further – bank);

with digital signs (tokens) (when implementing transactions with the operators of cryptoplatforms, operators of exchange of cryptocurrencies who are residents of the Park of high technologies);

with non-deliverable off-exchange financial instruments (when implementing transactions with external partners);

in the amount of 0,01 – for Forex companies, not specified in paragraphs the second – pole of this part.

The risk management provided by the paragraph the second parts one of this subitem can be performed Forex companies by the conclusion by them all admissible the legislation of the transactions representing as the separate transactions provided by paragraphs the third or sixth parts one of this subitem, and set of such transactions.

When calculating cumulative open line item of clients Forex company (the amount of open line items of clients) on separate underlying asset the open line item in case of which the positive financial result of the client on transaction is provided in case of positive change (increase) of the price of underlying asset joins in calculation with positive sign, the open line item in case of which the positive financial result of the client on transaction is provided in case of negative change (reduction) of the price of underlying asset joins in calculation with negative sign. For these calculations the size of open line item without marginal shoulder is used;

1.2. limit of risk National Forex center (limiting ratio of cumulative open line item of his clients (the amount of open line items of clients) on separate underlying asset and equity National Forex center) when making of transactions by it with non-deliverable off-exchange financial instruments about Forex companies, banks, the non-bank credit and financial organizations which perform conclusion of cumulative open line item of the clients (the amount of open line items of clients) to National Forex center, in the amount of 0,01.

When calculating cumulative open line item Forex companies, banks, the non-bank credit and financial organizations (the amount of open line items of clients) for separate underlying asset the open line item in case of which their positive financial result on transaction is provided in case of positive change (increase) of the price of underlying asset joins in calculation with positive sign, the open line item in case of which their positive financial result on transaction is provided in case of negative change (reduction) of the price of underlying asset joins in calculation with negative sign;

1.3. financial standard rates and their sizes for Forex companies:

1.3.1. limiting ratio of cash amount, attracted from clients, to equity Forex company – no more than 20.

The cash amount, attracted Forex company from clients, is calculated as the amount of marginal providing;

1.3.2. the standard rate of financial stability – is at least 0,75.

This standard rate is calculated as the relation of the amount of equity and long-term obligations Forex company to the balance sheet total Forex company reduced by the amount of marginal providing;

1.3.3. the standard rate of concentration of the loan capital – no more than 1.

This standard rate is calculated as the relation of the amount of long-term and short-term obligations Forex company reduced by the amount of marginal providing to equity Forex company;

1.3.4. the standard rate of financial dependence – no more 0,9.

This standard rate is calculated as the relation of the long-term and short-term obligations Forex company reduced by loan amount, provided by founders (participants) Forex company for the purpose of risk management arising in connection with making of transactions with non-deliverable off-exchange financial instruments to balance sheet total Forex company;

1.3.5. the standard rate of instant liquidity – is at least 0,2.

This standard rate is calculated as the relation of cash amount Forex company in cash desk, on accounts, in deposits (deposits) under agreements of term revocable or conditional revocable bank deposit (deposit) to the amount of obligations Forex company which repayment period is not established or determined by the claiming moment, and obligations with overdue repayment periods.

Money on foreign bank accounts joins in calculation of the standard rate of instant liquidity only provided that they can arrive on the current (settlement) account Forex company within three working days;

1.3.6. the standard rate of current liquidity – is at least 0,7.

This standard rate is calculated as the relation of the amount of the current assets Forex company to the amount of obligations Forex company with remaining periods of repayment to 30 days, including obligations poste restante and with overdue repayment periods.

Cash on hand, on accounts, in deposits (deposits) under agreements of term revocable or conditional revocable bank deposit (deposit), in deposits (deposits) under contracts of term irrevocable or conditional irrevocable bank deposit (deposit) with return term up to 30 days, financial investments with return term to 30 days, receivables with remaining period of repayment to 30 days (except for delayed), investments in securities of the Government of the Republic of Belarus, National Bank, Ministry of Finance belongs to the current assets Forex company;

1.3.7. the standard rate of short-term liquidity – at least 1.

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