175/1964.
DECREE
Minister of Foreign Affairs
of 6 May 1999. July 1964
the agreement on a multilateral clearing in transferable roubles, and on the establishment of
The International Bank for economic cooperation
Change: 85/1975 Coll.
On 22 November. October 1963, was in Moscow on a multilateral agreement signed
Showdown in transferable roubles, and on the establishment of the International Bank
economic cooperation between the Governments of the people's Republic of Bulgaria,
The Czechoslovak Socialist Republic, the Hungarian people's Republic
The Mongolian people's Republic, the German Democratic Republic, the Polish
the people's Republic, the people's Republic of Romania and the Union of Soviet
Socialist Republics.
With the agreement in favour of the Government approval on 12 June 2006. December 1963 and the national
the Assembly on 31 March 2004. January 1964. The agreement was ratified by the President of the Republic
24 September. February 1964.
The ratification Charter of Czechoslovak Socialist Republic to the agreement
was stored in the Secretariat of the Council for mutual economic assistance in Moscow-
Depositary-12 October. March 1964.
Agreement entered on the basis of article XIV in force on 18. may
1964.
English translation of the agreement shall be published at the same time.
David v. r.
The AGREEMENT
on a multilateral clearing in transferable roubles, and on the establishment of
The International Bank for economic cooperation
Translation
The Government of the people's Republic of Bulgaria, the Hungarian people's Republic, German
Democratic Republic, the Mongolian people's Republic, the Polish people's
Republic, the people's Republic of Romania, the Union of Soviet Socialist
republics and Czechoslovak Socialist Republic
in the interest of development and deepening of the International Socialist Division of labour,
further extension and strengthening of trade and economic relations and
in order to improve the system and to strengthen the foreign exchange and
the financial effects on the performance of mutual obligations
have agreed as follows:
Article I
Settlement on the basis of bilateral and multilateral agreements, and
individual contracts on mutual supply of goods, as well as agreements on
other salaries between Contracting Parties shall be implemented from 1. January
1964 in transferable rubles.
The gold content of the transferable ruble is 0.987412 g pure gold.
Each Member State of the International Bank for economic cooperation (hereinafter referred to as
the Bank), which has the funds to accounts in transferable rubles, may
by these means freely dispose of.
Each Member State will be the Bank when concluding trade agreements
ensure the balance of revenue and salaries in transferable rubles,
all other Member States of the Bank as a whole in the context of the calendar
year, or other time period agreed by the Member States of the Bank. In doing so,
will take account of the creation or the use of any provisions in the
transferable roubles, as well as to credit operations.
Each Member State banks will ensure the timely and complete fulfilment of its
payment obligations in transferable rubles against the other Member
States and International banks Bank of economic cooperation.
Article II
In order to facilitate economic cooperation and the development of the national
the economy of the Contracting Parties, as well as expand collaborate
party with other States is hereby established the International Bank of
cooperation with headquarters in Moscow.
The founding members of the banks are Contracting Parties.
The task of the Bank is
and implement multilateral settlement) transferable roubles;
b) lending to an international trading and other operations, the Member States of the Bank;
(c) acquire and retain, free) resources on transferable roubles;
(d)) to obtain the gold, convertible and other currencies from Member States
banks and from other States, and also to perform other operations in gold, free
usable and in other currencies. The Board will examine the possibility of carrying out
through Bank operations connected with the exchange of transferable rubles per
Gold and a freely convertible currency;
e) to perform other banking operations corresponding to the objectives and tasks of the Bank
arising from its terms of reference.
In addition to these features, the Bank carried out on behalf of, and means of
interested States the financing and lending operations of the functioning
joint industrial ventures and other objects.
The Bank shall be governed by this agreement, the Statute of the Bank, which is an integral
part of this agreement, as well as the directives and regulations issued by the Bank in the
under its responsibility.
Article III
The capital of the International Bank for economic cooperation shall be established in
the amount of three hundred million transferable rubles. According to the decision of the Bank
the Council part of this capital is produced in gold, and freely
convertible currencies. Shares (quota) of the Contracting Parties in this capital
is determined by the volume of exports in their mutual trade and makes for
People's Republic of Bulgaria 17 miles. rubles
The Hungarian people's Republic 21 miles. rubles
German Democratic Republic 55 miles. rubles
Mongolian people's Republic of 3 million. rubles
The Polish people's Republic 27 miles. rubles
The Socialist Republic of 16 million. rubles
Union of Soviet Socialist Republics, 116 million. rubles
The Czechoslovak Socialist Republic 45 miles. rubles
Payment of capital Bank in transferable rubles will
to ensure the supply of goods greater than imports over the balancing item
the supply of the goods of the parties on the amount, which is equal to the amount of their
the quotas. Capital Bank (in transferable rubles)
According to the wishes of the State can be made in freely convertible currency or
in gold.
The shares will pay each Contracting Party in the first year in the amount of 20% of its
quotas and in other years in accordance with the decision of the Board.
The amount of the share capital of the Bank may be amended by a resolution of the Member
States of the Bank.
The Bank has a reserve capital; the time limit, the amount, purpose and the method of its creation
Specifies the Bank Board.
The Bank may also have special funds generated by the Bank Council pursuant to
the agreement of the Member States of the Bank.
Article IV
International economic cooperation, the Bank performs its operation on
the basis of full equality and recognition of the sovereignty of Member States
of the Bank.
In the discussion and resolution of issues relating to the Bank's activities have
the Bank's Member States equal rights.
An Article In The
The showdown between the Member States of the Bank will be implemented in transferable
roubles via International Bank for economic cooperation
the participation of the banks of the Member States. The following basic principles of the system
multilateral clearing:
and posting is done in) transferable roubles on bank accounts
of the Member States; accounts will be opened in the International Bank of
cooperation or in agreement with her on the banks of the Member States. In doing so, the Bank
the exporting State sends the appropriate disposition documents on the goods,
as well as the payment documents immediately to the Bank of the importing State.
The Bank States daily International Bank for economic cooperation
set out in the form of information, indicating the respective amounts receivable (revenues)
or payments in favour of the Bank, the exporter;
b) salaries shall be made in convertible rouble within its own
the resources of each of the bank accounts to which all revenues are accounted for in the
the benefit of the Bank with the account, including the sums received loans;
c) means on the accounts in convertible roubles has Bank
the Member State in whose name the account is opened;
(d)) own and borrowed funds of the banks of the Member States in transferable
roubles are separated, and for this purpose, these banks are opening up both
accounts, on which the collected resources belonging to the listed banks,
and, secondly, credit accounts, which are accounted for by commitments from lenders
provided by these banks to the International Bank for economic cooperation;
(e)) the priority in the form of showdown is a collection with a subsequent akceptem (spot
direct debit). According to the agreement between the banks of the Member States may also use
other forms of reckoning (collection with a preliminary akceptem, letters of credit,
Bank transfers etc.);
(f)), the International Bank for economic cooperation shall pay interest on the cash
funds in accounts and deposits of differentiated according to the duration.
According to the decision of the Bank Council, the Bank current accounts neúročit.
Article VI
The Bank may provide loans in transferable rubles:
and the posting loan)-to meet the needs of the authorised banks for short-term
the excess payments over revenues. This loan is a revolving nature.
It is provided without delay as required within the limit established
the Bank Council. The deadline for the repayment of the loan is. Indebtedness in
the loan can pass for next year;
(b) the term loan-to) cover the longer-term financial needs
of the authorised bank. The loan is granted for measures related to the
specialization and cooperation in production, to extend the turnover of goods
balance of payments, balancing on seasonal needs, etc. The Bank provides
This loan based on justified application of the authorised bank to the hard
the time limits in the range of up to one year, and in each of the cases referred to in
the decision of the Bank Council to the two to three years.
For the use of loans to pay interest. Interest rates for loans in
transferable rubles, down the Board, based on the necessity
encourage the economical use of funds and provide
the Bank's profitability.
States, the export of which has significantly seasonal in nature, with the term loan
the seasonal needs of the Bank in the manner prescribed by the Council provides for
advantageous (in terms of interest rates) conditions.
Article VII
The International Bank for economic cooperation in the exercise of her stored
functions in the area of clearing and credit to the all-round help to meet
binding mutual deliveries of goods between the Member States of the Bank and to
consolidating planning and payment discipline in the showdown.
In this context, the Bank is authorised to:
and reduce or completely stop) providing loans to banks of those
Member States which do not comply with his payment obligations towards the Bank or
the other Member States. Reducing and stopping lending is carried out
within the time limits laid down by the Bank Council;
(b)) to inform on the basis of documents available to the competent
authorities and, where necessary, the Bank's member Governments of violations
payment obligations for delivered goods.
When clearing and lending in transferable rubles the Bank ensures the
evidence of fulfilment of the payment obligations of the Member States of the Bank.
Article VIII
Clearing of non-commercial operations, carried out under the internal
retail prices and rates for the services will be performed on the specific
accounts in national currencies in the banks of the Member States in accordance with the agreements on the
clearing the nonbusiness salaries in force between those States. These accounts are
can complement of transferable rouble accounts after the conversion
coefficient and at odds with the premiums (collisions) salaries for non-commercial,
laid down in those agreements on clearing non-business salaries.
Funds from the account of non-trade salaries may be transferred to the accounts in
transferable rubles, also using that coefficient and the course.
Article IX
On the basis of the decision of the Council of the International Bank for economic cooperation
can the Bank settlement in transferable rubles with the States,
that are not members of the Bank. The manner and conditions of the settlement in transferable
rubles with these States determines the Bank Board in agreement with the
interested States.
Article X
Participation of States in International Bank for economic cooperation and the activities of the
the Bank cannot be an obstacle to the development of immediate financial and
other relations of the Member States of the Bank as between themselves and with the
in other States.
Article XI
The International Bank for economic cooperation has on the territory of each Member
State the legal capacity necessary to perform its functions and achieve
its objectives.
The Bank, as well as the representatives of the States in the Bank Council and officials of the Bank
shall enjoy in the territory of each Member State, the privileges and immunities that are
necessary for the performance of functions and to achieve the objectives set out in this agreement and
The Statute of the Bank.
The legal capacity, privileges and immunities referred to in this article specifies
The Statute of the Bank.
Article XII
The Contracting Parties shall implement the changes resulting from this agreement in the
the bilateral agreements in force between them, which provides for the clearing
clearing accounts, or conclude a new agreement, anticipating a showdown
in transferable rubles.
After signing this agreement, the Contracting Parties shall declare an agreement on a multilateral
clearing of 20. June 1957 for the cancelled pursuant to article 15 of the agreement.
The outstanding amount of the Parties reported on bilateral clearing
accounts to 1. January 1964, will be taken into account when concluding business
agreements for the year 1964 and settled within the framework of these agreements in transferable
roubles in the manner agreed between the interested parties.
Article XIII
To this agreement may accede and become members of the Bank's other States. For this
the purpose of the State shall submit to the Council a bank official statements recognizing the objectives of
and the Bank's policy and accepts the obligations arising out of this agreement and
The Statute of the Bank.
Admission to membership of the Bank shall be carried out with the consent of all the Member States and
on the basis of the decision of the Board.
A duly certified copy of the decision of the Board on the adoption of a new State for the
member banks and a documentary about the connection to this agreement (ratification)
be transmitted to the depositary for safekeeping of this agreement. Date of submission of the said
documents to the depositary of the agreement shall be considered the date of the agreement and
the acceptance of the competent State as a member of the Bank.
Article XIV
This agreement is subject to ratification and shall enter into force on the date on which the last
Contracting Party shall deliver to the depositary its instrument of ratification of this
The agreement.
However, the agreement will be provisionally carried out from 1 January 2006. January 1964,
If this date of entry into force pursuant to the first paragraph
This article.
Article XV
This agreement may be amended only with the consent of all Member States
of the Bank.
Each State may terminate this agreement and your membership in the Bank, saying that it
be notified at least six months in advance of the Banking Council. During this time,
must be regulated relations between the Bank and the competent State under their
mutual obligations. That States Dresdner Bank, participation in this agreement and
membership in the Bank, the Bank shall inform the Council officially depository of this
The agreement.
This agreement shall terminate if at least two-thirds of the Member
State banks have declared that they will waive participation in the GPA and membership in
the Bank pursuant to the provisions of the second paragraph of this article.
Article XVI
This agreement shall be deposited in the Secretariat of the Council for mutual economic
the assistance, which will carry out the functions of the depositary of this agreement.
Drafted in Moscow 22. October 1963, in a single original in the Russian language.
Certified copies of this Agreement will be sent out by the depositary to all Contracting
parties.
For the Government of the people's Republic of Bulgaria:
S. Todorov in r.
For the Government of the Hungarian people's Republic:
A. Apró in r.
For the Government of the German Democratic Republic:
W. Rumpf in r.
For the Government of the Mongolian people's Republic:
D. Molomžamo in r.
The Government of the Polish people's Republic:
P. Jaroszewicz in r.
For the Government of the people's Republic of Romania:
A. Birladeanu in r.
For the Government of Union of Soviet Socialist Republics:
M. Lesečko in r.
For the Government of the Czechoslovak Socialist Republic
O. Simunek v. r.
Annex
The Statute of the International Bank for economic cooperation
The International Bank of economic cooperation is established under the agreement between the
the Governments of the people's Republic of Bulgaria, the Hungarian people's Republic, German
Democratic Republic, the Mongolian people's Republic, the Polish people's
Republic, the people's Republic of Romania, the Union of Soviet Socialist
republics and Czechoslovak Socialist Republic in order to help
economic cooperation and the development of the national economy of the Member States
the Bank, as well as to assist in the expansion of their business and
economic relations with other countries.
(I).
General provisions
Article 1
The International Bank for economic cooperation, hereinafter referred to as "Bank", organized by
and performs accounting, credit, financial, and other banking operations.
Article 2
1. the Bank is a legal entity and is called "the International Bank
economic cooperation ".
2. the Bank is authorised to
and to enter into the agreement,) as well as perform any operation within the limits of their
powers;
(b)), rent, lease and dispose of property;
(c)) and accountability before the Court and in arbitration;
(d)) to establish on the territory of the State in which it is situated, as well as on the territories of the other
state affiliates and the dealership and have your representative;
e) issue directives and regulations on matters falling within its competence;
(f)) to perform such other activities directed to the fulfilment of the tasks assigned to the Bank
This statute.
3. the Bank shall be liable for its obligations to the extent of their assets. Bank
is not responsible for obligations of the Member States of the Bank, as well as Member States
banks are not liable for obligations of the Bank.
4. the Bank has a stamp with the heading "International Bank of
cooperation ". The Bank's branches and dealerships have the stamps with the same
the heading and with the name of the branch or agency.
The Bank is based in Moscow, USSR.
Article 3 of the
The bank guarantees the secrecy of transactions, accounts and deposits of their
customers and correspondents.
All officials and employees of the Bank are required to maintain the
secrets about the operations, accounts and deposits of the Bank, its customers, and
correspondents.
II.
The capital and the funds of the Bank
Article 4 of the
The Bank's share capital and reserve capital. The Bank may also have
Special funds.
Article 5
The basic capital is 300 million transferable rubles and creating
investments in transferable rubles. According to the decision of the Bank Board part
This capital is created in gold and freely convertible
currencies.
Member State Bank has the right to lodge a share in the share capital of the Bank
(in transferable rubles) in freely convertible currency or in gold.
The repayment of the capital is carried out in the manner and within the time limits
laid down by the Bank Council.
The capital of the Bank is used to keep its commitments and is used
for the purpose of the Statute of the Bank.
The amount of the share capital of the Bank may be amended on the basis of the decision of the
the Member States of the Bank.
In the case of banks of the state its share of returns. In doing so, from
the total amount of the share of this State shall be deducted the amount owed to the Bank.
When you stop the activities of the Bank are returning shares and other resources of the Bank
Member States, after deduction of the amount required to settle payment
the obligations resulting from the mutual settlement of the Member States
of the Bank.
Article 6 of the
The State, which he put in the share capital of the Bank its share to be issued
a certificate is a confirmation and proof of the composition of the share.
Article 7 of the
The Bank has a reserve capital, the time, amount, purpose and the method of its creation
Specifies the Bank Board.
Article 8 of the
Special funds creates the Bank Board on the basis of the agreement of the Member States
of the Bank.
III.
The Bank's operations
Settlement operations of Bank
Article 9
The bank organizes and carries out the multilateral clearing business and other
operations in transferable rubles.
Article 10
The reckoning is done in transferable rubles through bank accounts
the Member States, hereinafter referred to as "authorized bank", which open in the
The International Bank of economic cooperation or, in agreement with her in the other
the authorised banks.
Salaries shall be carried out within the resources that each authorised the Bank to
accounts in transferable rubles.
Article 11 of the
The Bank accepts and distributes resources in transferable rubles and in other
the currency on the basis of the principles laid down by the Council. The Bank also performs other
banking operations.
The principles of the execution of operations, opening, conduct and closure of the accounts in a bank
lays down the Bank Council.
Empowered to banks, which have the funds to accounts in a bank in
transferable roubles, can freely dispose of those resources in
Showdown in transferable rubles.
The owners of the bank accounts, which are denominated in other currencies, they can freely
to dispose of the funds in such accounts.
Article 12
In transferable rubles funds stored in the Bank's authorised
International Bank for economic cooperation. Paid for these resources
bank interest in the amount prescribed by the Bank Council.
Article 13 of the
The Bank may carry out settlement operations linked to the financing of investments and
lending to companies and other objects, which together are building,
reconstruct and operate the interested States.
Article 14
The Bank may perform clearing in transferable rubles also States,
that are not members of the Bank. The manner and terms of such a settlement in
transferable roubles lays down the Bank Council under an agreement with the
interested States.
Article 15
The Bank can issue cheques in transferable rubles and in other currencies and
perform operations with these checks, as well as with cheques of other banks. According to the
the decision of the Board may issue other payment documents.
Article 16
The Bank may receive a guarantee for banks ' monetary commitment of the Member States,
other legal entities, as well as natural persons.
Article 17 of the
The Bank may cooperate with organizations whose activity corresponds to the
the tasks of the Bank, or become their member.
Article 18
The Bank enters into with other banks and international organisations the agreement on
billing and accounts opened in the Bank, as well as closing
the correspondent and other agreements.
The credit operations of the Bank
Article 19 of the
The Bank provides the authorised banks loans. Loans are granted to the specified
purposes and on condition that the loan will be repaid within the agreed deadlines.
The purpose of which is to provide loans, credit, their way of providing
collateral and repayment down the Bank Council.
Article 20 of the
To carry out credit operations, the Bank shall draw up the credit plans.
Credit Bank plans shall be drawn up on the basis of credit applications
the authorised banks, which are based on the national development plans
economy and foreign trade, as well as trade agreements and
contracts; When drawing up the credit Bank also uses custom plans
the data and calculations. Credit Bank Board approves the plans. The request of the
empowered Bank of the State of credit in excess of the amounts contained in the credit
the plan shall be discussed by the Bank taking into account data submitted by the authorised
the Bank, about how the State carries out trade agreements, and other necessary
materials.
Article 21
For loans received from the bank interest paid by debtors in the amount prescribed by the
the Bank Council.
Article 22 of the
Repayment of the loan granted by the Bank shall be carried out by the due date
manner determined by the Bank Council.
Article 23 of the
The Bank may perform on behalf of the interested States
financing and lending operations functioning joint industrial
enterprises and other objects.
Article 24
The Bank carries out accounting, credit, deposit, arbitration, warranty and
other operations in freely convertible currencies and other currencies, as well as the operation
Gold.
IV.
Bank management
Article 25
The managing bodies of the Bank are the Board and the Bank management.
The Bank Board
Article 26 of the
The Bank Board is the highest management body that manages the overall activities of the
of the Bank.
The Bank Council shall consist of representatives of all the Member States of the Bank, with the
each Member State Bank has one vote regardless of the amount of the share
in the capital of the Bank.
The members of the Board are appointed by the Government of the Member States of the Bank up to three
representatives from each State.
The Board shall meet as necessary, but at least twice a year.
The meeting of the Board shall be chaired successively representatives of each
Member State banks.
Article 27
Resolutions of the Board shall be adopted by unanimity. Rules of procedure of the Bank
the Council shall establish the Board itself.
Article 28
The Bank Board to discuss and address the core issues that determine policy and
the focus of the work of the Bank:
and specifies the total focus of the activities) of the Bank in establishing contacts and
cooperation with banks of the Member States and with the banks of other countries, with the
Financial Bank, and other international economic organisations, and
also cooperation or participation in organizations whose activity corresponds to the
the tasks of the Bank;
(b) approves the proposal) bank credit management and other plans of the Bank, annual
statements, balance and distribution of profit of the Bank; provides guidelines for planning a credit
and resources, and also the implementation of credit and other banking operations,
fixed the level of interest rates on credits, deposits, current and other accounts in
transferable rubles, the organisational structure and systemize the Bank,
the budget for the administrative expenses of the Bank;
c) creates a special funds of the Bank on the basis of the agreement of the Member States
Bank;
(d)) shall appoint the Chairman and members of the Bank management;
(e) the revision Commission of the Bank), hears of her messages and accept them
resolution;
(f) establishment and liquidation) branches, dealerships and Prosecutor's Office
Bank;
g) hears the news about its business banking management, and accepts them
resolution;
(h)) to assess the Member States shall submit proposals for the adoption of new
members of the Bank;
I) approves the conditions of employment of employees of the Bank;
j) holds the other functions under this Statute, which are necessary for
achievement of the objectives and tasks of the Bank.
Bank management
Article 29 of the
Bank management is a management authority and directly governed by the operational
the activity of the Bank within the limits of the powers given to her by this Statute and in accordance with the
by resolution of the Board.
Bank management is responsible and subordinated to the Bank Council.
The Bank Management shall comprise the Chairman and members appointed by the management of the Bank
the citizens of the Member States of the Bank for a period of up to five years. The number of members of the Bank
the Management Board shall lay down.
In the case of the temporary absence of the Chairman of the Bank performs management of its
obligations under the resolution of banking management, one of the members of the banking
Administration.
The Chairman and the members of the Bank management in the performance of official duties
acting as international officials irrespective of the organizations and
the official persons are citizens of States.
Article 30
Bank Bank management in each of the Chairman or other officers
banks authorised to Bank Management shall represent the Bank in all
issues and operations of the Bank in front of the leading parties, State and
international organisations and other legal entities and shall apply
on behalf of the Bank's claims and claims in court and in arbitration.
Bank management may authorize by special parliamentary credentials
the Bank to act on its behalf.
Liabilities and Bank credentials are valid if they are equipped with two signatures, and
the Chairman and a member of the Bank's management, and in the absence of the President, then
the signatures of two members of the Bank management, one of which must be a member of
banking management, responsibilities of the President engaged in banking management.
Article 31
Bank Management discusses fundamental questions of operational activities of the Bank,
in particular, the
and) questions whose solution or approval on the basis of this Statute
belongs to the powers of the Board; prepare the appropriate materials and
the proposals to discuss Bank Council;
(b) the determination of the method of signing cash) and settlement documents and
correspondence on behalf of the Bank, the manner of signing and issuing the credentials
on behalf of subsidiaries and management of the Bank, the cash and settlement patterns
the documents used by the Bank in its mutual relations with its customers,
interest rates on loans, deposits, from current and other accounts in accordance with the
resolutions of the Board, the amount of Commission fees for the fulfillment of orders
its customers and correspondents, the method and conditions of issuance of guarantees
the Bank, as well as reception conditions of bills of Exchange and other cash commitments to
registration and security;
(c) the activities of the Administration and control) Trade Union Bank, its affiliates, the dealership
and representatives;
(d) the use of the asset and) questions of resources of the Bank.
Bank management also provide these permissions:
-to draw up the credit Bank plans and submit them for approval to the Bank
the Council;
-to approve the directive on the procedures of credit and other banking
operations on the basis of the principles laid down by the Council of the Bank;
-to establish business relations with the Bank and other international financial
economic organizations in accordance with the decision of the Board of
the overall focus of the Bank's activities in this area with the following information
the Bank Board on this question;
-determine the amount of the wage and ancillary systemize and technical staff in
the wage bill of the approved Bank Board on these purposes.
Bank management has the right within the limits of its competence, to make proposals to the
the assessment of the Bank Council.
The rules of Procedure lays down the Bank's banking management, the Administration itself.
Resolutions adopted by the Bank Management shall be entered in the form of protocols. To
implementation of the resolutions of the Bank management may issue orders, directives, or
the regulations, which shall be signed by the President of the bank administration or on the basis of
its mandate, one of the members of the Bank management.
Article 32
The President of the Bank Administration manages the activity of banking management, and performs the
the measures necessary for the fulfilment of the tasks assigned to the Bank by this Statute.
The President of the bank administration
a) has, in accordance with this Statute and the resolutions of the Bank Council
all the property and assets of the Bank,
(b)) speaks on behalf of the Bank,
c) gives commands and decides on operational matters of the Bank's activities,
(d)) shall be signed by the commitment and credentials on behalf of the Bank in accordance with article 30 of this
Of the Statute,
e) appoints and dismisses the staff of the Bank, with the exception of directors who are
members of the Bank management, and according to the administrative budget, systemising and
the cost, the Bank approved by the Council, shall lay down the amount of pay and rewards
excellent staff,
(f)) other functions under this Statute and of the resolution of the Bank
of the Council.
In the.
Organization of the Bank
Article 33
The Bank's management, trade unions, branch, agency and the Prosecutor's Office, which
shall be established according to the organizational structure of the Bank approved Bank
by the Council.
Employees of the Bank are ustanovováni from the citizens of the Member States of the Bank
According to the conditions of employment of the employees of the Bank.
For the independent performance of the obligations to provide the personnel of the Bank, the privileges and
immunity pursuant to article 40 of the Statute.
Vi.
The revision of the Bank's activities
Article 34
Review of the activities of the Bank, including the review of the annual report of the banking
Treasury and asset management, reviewing the evidence, reporting on traffic
the Bank, its subsidiaries and management is performed by the Auditing Committee appointed by the
Bank by the Council for a period of two years and consisting of the Chairman of the audit
the Commission and four members.
The Chairman and the members of the Audit Commission cannot act in any other Bank
function.
Organization and method of carrying out the revision provides for the Bank Board.
Article 35
The revision Commission of the Bank Management provides all the materials necessary for the
design revision.
The auditing Commission reports are submitted to the Bank Council.
VII.
The way disputes
Article 36
Claims against the Bank may be claimed within two years from the date of
a statement of claim.
Article 37
The disputes of the Bank with its customers must be discussed in the arbitration, and that
either in the selected from existing arbitration, or in the newly established pursuant to
agreement of the parties.
In the case that the said agreement is reached, the dispute shall be transmitted to the
discussion of arbitration at the Chamber of Commerce of the State where the Bank has its seat.
VIII.
The privileges and immunities of the Bank and their officials
Article 38
1. the Assets of the Bank, its assets and documents regardless of where they are,
as well as the operations of the Bank shall enjoy immunity from any administrative and
court intervention if the Bank in individual cases of immunity
won't give up. The room of the Bank, as well as its subsidiaries, management and
the Prosecutor's Office in the territory of any Member State banks are
be inviolable.
2. the Bank on the territory of the Member States of the Bank
and) shall be exempt from all direct taxes and benefits to national and
local. This provision does not apply to charges for
municipal and other services,
(b)) is in the import and export of items intended for staff use
shall be exempt from customs duties and restrictions,
(c)) shall enjoy in the territory of the Member States of the Bank the same benefits in terms of
prefer, tariffs and fees in the postal, Telegraph and telephone
contact, which on the territory of these States shall be accorded diplomatic representative
authorities.
Article 39
1. the representatives of the Member States in the Bank to the Council in the performance of their
official duties to provide on the territory of the Member States of the Bank these
privileges and immunities:
a) immunity against arrest or detention, as well as to the powers of the Court
authorities for all the offences, which may happen as representatives,
b) inviolability for all documents and documents
(c)) the same tariff advantages, in terms of personal baggage, which provide
workers of diplomatic representative offices of the corresponding ranks
in each State,
(d)) the exemption from personal acts and from direct taxes and benefits from salary
paid to the representatives of the State, which appointed them.
2. The privileges and immunities provided for in this article shall provide the said
to persons exclusively in the interests of performance features. Each Member State, the Bank has the right
and is obliged to give up the immunity of its representative in all cases in
where it considers that immunity is an obstacle to the performance of the judiciary and that the waiver
immunity will not be detrimental to the purpose for which it was granted immunity.
3. the provisions of paragraph 1 of this article shall not apply to the ratio between the agent and the
authorities of the State of which he is a representative of the citizen.
Article 40
1. The Bank Board determines on the basis of proposals of the Bank management category
officials of the Bank, subject to the provisions of this article. The names of the
These officials shall communicate regularly the Chairman of banking management
the competent authorities of the Member States of the Bank.
2. the Officials of the Bank in the performance of their duties on the territory of the
each Member State Bank
and are not subject to judicial and administrative) jurisdiction for any offences which
can happen as officials,
(b)) are exempt from the personal and direct taxes and benefits from salary
paid to them by the Bank. This provision shall not apply to officials
banks, who are citizens of the State in whose territory the Bank, its affiliates,
Agency and the Prosecutor's Office is located,
(c)) shall enjoy the same tariff benefits in terms of personal baggage, what
shall be provided in a State of diplomatic personnel
representative offices of the corresponding ranks.
3. The privileges and immunities provided for in this article shall be granted to officials
solely in the interests of the Bank.
The President of the Bank management has the right and is obliged to give up the immunity
officials of the Bank in all cases where in his opinion prevents
immunity of the judiciary, and when the waiver of immunity will not be detrimental to the
the purposes for which it was provided. When it comes to the President and members
banking management, it is for the right to waive the immunity of the Banking Council.
IX.
Reporting
Article 41
For the financial year of the Bank shall be considered the period from the 1. January to 31. December
including.
Annual review of banking management will publish the manner determined by the Bank
by the Council.
X.
Distribution of income
Article 42
The profit of the Bank, after the approval of the annual reports broken down by resolution
the Bank Board and can be used to replenish the reserve capital and other
purposes.
XI.
The method of admission of new members of the Bank and withdrawal from the Bank
Article 43
The method of acceptance of new members of the Bank and the cancellation of membership in the Bank shall be
Article XIII and XV to the agreement.
XII.
Final provisions
Article 44
How to change the Statute of the
Each Member State banks may submit a proposal to amend this Statute.
Amendment of the Statute of the Bank shall be carried out with the agreement of all Member States
of the Bank.
Article 45
Stopping the activities of the Bank
The Bank can be stopped in accordance with the provisions of the third
paragraph 1 of article XV of the agreement. Terms and how to stop the activities of the Bank and
liquidation of operation determine the Member States of the Bank.
