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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of August 24, 2016 No. 455

About approval of the Instruction about procedure and conditions of attraction of money of the non-bank credit and financial organizations in deposits and introduction of amendments to the resolution of Board of National Bank of the Republic of Belarus of July 23, 2012 No. 377

Based on the paragraph of the thirteenth of Article 26 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction about procedure and conditions of attraction of money of the non-bank credit and financial organizations in deposits.

2. Bring in the resolution of Board of National Bank of the Republic of Belarus of July 23, 2012 No. 377 "About approval of the Instruction about procedure for attraction by National Bank of the Republic of Belarus for money of banks and non-bank credit and financial organizations in deposits" (The national legal Internet portal of the Republic of Belarus, 28.08.2012, 8/26324) the following changes:

2.1. to exclude from the name of the resolution and Item 1 of the word "and non-bank credit and financial organizations";

2.2. in the Instruction about procedure for attraction by National Bank of the Republic of Belarus for money of banks and non-bank credit and financial organizations in deposits approved by this resolution:

2.2.1. from the name and part one of Item 1 of the word "and non-bank credit and financial organizations" to exclude;

2.2.2. to exclude from signature stamps of appendices 1 and 2 to this Instruction of the word "and non-bank credit and financial organizations".

3. This resolution becomes effective after its official publication.

Chairman of the board

P.V.Kallaur

 

Approved by the Resolution of Board of National Bank of the Republic of Belarus of August 24, 2016 No. 455

The instruction about procedure and conditions of attraction of money of the non-bank credit and financial organizations in deposits

1. This Instruction determines procedure and conditions of attraction by National Bank of the Republic of Belarus (further - National Bank) money of the non-bank credit and financial organizations of the Republic of Belarus (further - the non-bank organizations) in Belarusian rubles in deposits (further - deposit transactions).

2. Deposit operations are performed according to the procedure and on the conditions established by this Instruction based on the agreement of term bank deposit (deposit) (revocable or irrevocable) concluded between National Bank and the non-bank organization.

The conclusion of the agreement of term bank deposit (deposit) is performed according to Chapter 21 of the Bank code of the Republic of Belarus taking into account requirements of this Instruction.

3. According to the decision of National Bank carrying out deposit transactions with any non-bank organization can be temporarily suspended.

4. Day of acceptance of money in the deposit is day of transfer of deposit amount into the account opened in National Bank.

5. Day of return of the deposit is day of transfer by National Bank of deposit amount and the percent added on it on correspondent account of the non-bank organization.

6. Acceptance of money in the deposit is performed with the following provisions:

the deposit term constitutes at least 31 calendar day;

the agreement of term bank deposit (deposit) cannot be prolonged;

the deposit interest rate under the agreement of term irrevocable bank deposit (deposit) corresponds to interest rate for constantly available transactions of National Bank in the form of deposits on fixed interest rate;

the deposit interest rate under the agreement of term revocable bank deposit (deposit) corresponds to 0,9 of interest rate for constantly available transactions of National Bank in the form of deposits on fixed interest rate;

charge of deposit interests is performed according to the agreement of term bank deposit (deposit).

The deposit interest rate is variable and changes according to the procedure, determined by the agreement of term bank deposit (deposit), from the date of entry into force of the decision of National Bank on change of size of interest rates for constantly available transactions of National Bank in the form of deposits on fixed interest rate.

 

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