INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 24, 2017 No. 4382-U

About establishment of economic standard rates for the microfinance company raising money of physical persons, including individual entrepreneurs, and (or) legal entities in the form of loans, and the microfinance company performing release and placement of bonds

This Instruction based on Item 5.2 of part 4 of article 14 of the Federal Law of July 2, 2010 No. 151-FZ "About microfinancial activities and the microfinancial organizations" (The Russian Federation Code, 2010, No. 27, Art. 3435; 2011, No. 27, Art. 3880; No. 49, Art. 7040; 2013, No. 26, Art. 3207; No. 30, Art. 4084; No. 51, Art. 6683, Art. 6695; 2014, No. 26, Art. 3395; 2015, No. 27, Art. 4001; No. 29, Art. 4357; 2016, No. 1, Art. 27; No. 27, the Art. 4163, the Art. 4225), article 76.4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, Art. 4225, Art. 4273, Art. 4295; 2017, No. 1, Art. 46; No. 14, Art. 1997; No. 18, the Art. 2661, the Art. 2669) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of April 14, 2017 No. 8) establish economic standard rates for the microfinance company raising money of physical persons, including individual entrepreneurs, and (or) legal entities in the form of loans, and the microfinance company performing release and placement of bonds (further - economic standard rates).

1. Economic standard rates are:

the standard rate of sufficiency of own means (further - the standard rate of NMFK1);

the standard rate of liquidity (further - the standard rate of NMFK2);

the maximum extent of risk on one borrower or group of the connected borrowers (further - the standard rate of NMFK3);

the maximum extent of risk on the face (group of the faces tied with microfinance company) tied with microfinance company (further - the standard rate of NMFK4).

For the purpose of calculation of economic standard rates are used this to the reporting, including accounting (financial) records, and financial accounting.

2. The standard rate of NMFK1 is calculated by formula:

where:

To - own means (capital) of microfinance company determined according to the Instruction of the Bank of Russia of June 9, 2016 No. 4037-U "About establishment of technique of determination of own means (capital) of microfinance company", the registered Ministry of Justice of the Russian Federation on July 11, 2016 No. 42801 (further - the Instruction of the Bank of Russia No. 4037-U);

And - the cost of the financial assets accepted for determination of own means (capital) of microfinance company according to the Instruction of the Bank of Russia No. 4037-U;

A1 - the cost of the following assets:

financial investments regarding the provided legal entities and (or) individual entrepreneurs who are at the time of the conclusion of the agreement of microloan subjects of small and medium business, money under agreements of microloan less the amount of the reserves on possible losses on loans (on the amount of principal debt) created on them according to the Instruction of the Bank of Russia of June 28, 2016 No. 4054-U "About procedure for forming by the microfinancial organizations of reserves on possible losses on loans", the registered Ministry of Justice of the Russian Federation on July 28, 2016 No. 43023 (further - the Instruction of the Bank of Russia No. 4054-U);

receivables on interest incomes on the microloans provided to legal entities and (or) individual entrepreneurs being at the time of the conclusion of the agreement of microloan subjects of small and medium business which join interest for using microloan, and also any predefined the agreement of microloan the income on microloan, less the amount of the reserves on possible losses on loans (on the amount of requirements for the added interest incomes) created on them according to the Instruction of the Bank of Russia No. 4054-U;

A2 - the cost of the following assets:

financial investments regarding the provided physical persons who are not individual entrepreneurs, money under the agreements of microloan signed for a period of up to 30 days inclusive in the amount to 30 thousand rubles inclusive less the amount of the reserves on possible losses on loans (on the amount of principal debt) created on them according to the Instruction of the Bank of Russia No. 4054-U;

receivables on interest incomes on the microloans provided to the physical persons who are not individual entrepreneurs under the agreements of microloan signed for a period of up to 30 days inclusive in the amount to 30 thousand rubles inclusive which join interest for using microloan, and also any predefined the agreement of microloan the income on microloan, less the amount of the reserves on possible losses on loans (on the amount of requirements for the added interest incomes) created on them according to the Instruction of the Bank of Russia No. 4054-U.

3. Minimum admissible numerical value of the standard rate NMFK1 is established in the amount of 6 percent.

4. The standard rate of NMFK2 is calculated by formula:

where:

LA - the quick assets of microfinance company considered in lines of the balance sheet "Receivables", "Financial Investments (Except for Cash Equivalents)", "Money and Cash Equivalents", "Other Current Assets" of the Section II "Current assets" on which completion date is not broken and constitutes for settlement date of the standard rate no more than 90 calendar days;

TO - the amount of the following obligations of microfinance company with completion date for settlement date of the standard rate no more than 90 calendar days:

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