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The document ceased to be valid since  May 7, 2021 according to the Resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of May 4, 2021 No. 260/5

RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS AND NATIONAL BANK OF THE REPUBLIC OF BELARUS

of November 17, 2016 No. 924/29

About some measures for implementation of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534

According to Item 2 of the Regulations on procedure for compensation of losses to the banks and the non-bank credit and financial organizations of the Republic of Belarus performing financing under concession of the monetary claim (factoring) in case of implementation of export contracts approved by the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 "About assistance to commodity export development (works, services)" and Item 2 of the Presidential decree of the Republic of Belarus of August 17, 2016 No. 310 "About modification and amendments in the Presidential decree of the Republic of Belarus" Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of POSTANOVLYAYUT:

1. Determine that:

1.1. the residents of the Republic of Belarus applying for financing under concession of monetary claim (factoring) in case of implementation of export contracts (further - financing under concession of monetary claim) on the conditions determined in subitem 3.1-1 of Item 3 of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 "About assistance to commodity export development (works, services)" (The national register of legal acts of the Republic of Belarus, 2006, No. 143, 1/7870), represent:

in bank (the non-bank credit and financial organization) - the documents determined by this bank (the non-bank credit and financial organization);

in the Ministry of Finance - reasons for feasibility of financing under concession of monetary claim on the amount equivalent to its size, and also the term of such financing, compensation amount to bank (the non-bank credit and financial organization) of losses from financing under concession of monetary claim, possibility of accomplishment of obligations by the resident of the Republic of Belarus under the agreement of financing under concession of monetary claim (further - the agreement of factoring).

Are applied to reasons:

the certificate of the main economic indicators issued in the form approved by the Ministry of Economics with indication of such indicators in the year preceding year of financing under concession of monetary claim and on the last reporting date of the current year;

copies of export contracts on realization for commodity export (works, services);

1.2. the bank (the non-bank credit and financial organization) represents to the Belarusian republican unitary enterprise of export-import insurance "Beleksimgarant" (further - RUP "Beleksimgarant") the insurance application of export risks with support of the state, and also the documents provided in rules of insurance of export risks with support of the state;

1.3. The Ministry of Finance within 5 calendar days from the date of receipt of documents, the specified in paragraph three of part one and part two of subitem 1.1 of this Item, in writing informs bank (the non-bank credit and financial organization) on possibility of compensation of losses when financing under concession of monetary claim;

1.4. RUP "Beleksimgarant" within 10 calendar days from the date of receipt of the documents specified in subitem 1.2 of this Item analyzes them, makes the decision on insurance of export risks with support of the state (initiates entering in accordance with the established procedure into Council of Ministers of the Republic of Belarus of the relevant decision) or on impossibility of such insurance and reports about the made decision to bank (the non-bank credit and financial organization);

1.5. the bank (the non-bank credit and financial organization) within 3 calendar days from the date of receipt of the decision of RUP "Beleksimgarant" on insurance of export risks with support of the state (adoption of the relevant decision by Council of Ministers of the Republic of Belarus) and information of the Ministry of Finance specified in subitem 1.3 of this Item makes the decision on financing under concession of monetary claim and in case of the positive decision sends to resident of the Republic of Belarus the draft agreement of factoring which consists with it within 3 calendar days from the date of acceptance by bank (the non-bank credit and financial organization) of the positive decision on financing under concession of monetary claim.

Lack of coordination by the Ministry of Finance of possibility of compensation of losses to bank (the non-bank credit and financial organization) when financing under concession of monetary claim or availability of the decision of RUP "Beleksimgarant" on impossibility of insurance of export risks with support of the state is the basis for refusal by bank (the non-bank credit and financial organization) in financing under concession of monetary claim;

1.6. for obtaining according to Regulations on procedure for compensation of losses to the banks and the non-bank credit and financial organizations of the Republic of Belarus performing financing under concession of monetary claim (factoring) in case of implementation of export contracts, approved by the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534, banks and the non-bank credit and financial organizations of compensation of losses from implementation of financing under concession of monetary claim banks and the non-bank credit and financial organizations in writing notify on the conclusion of contracts of factoring with appendix of their copies, calculation of the amount of compensation of losses from implementation of financing under concession of monetary claim, copies of decisions of RUP "Beleksimgarant" on insurance of export risks with support of the state (in case of adoption of such decision by the called company):

The Ministry of Finance - in case of the amount of compensation which is not exceeding 500 thousand dollars of the USA in equivalent on the official rate of Belarusian ruble to the US dollar established by National Bank on the date of the conclusion of the agreement of factoring;

republican state body or other state organization subordinated to the Government of the Republic of Belarus, regional executive committee (The Minsk Gorispolkom), administration of the free economic zone - in case of the amount of compensation exceeding 500 thousand dollars of the USA in equivalent on the official rate of Belarusian ruble to the US dollar established by National Bank on the date of the conclusion of the agreement of factoring.

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