116/2015 Sb.



DECREE



of 6 May 1999. may 2015,



amending the Decree of the Ministry of Finance No. 278/1998 Coll., to

implementation of the law No. 58/1995 Coll., on insuring and financing export

State support and supplement of Act No. 166/1993 Coll., on the highest

Audit Office, as amended by later regulations, as amended by Act No.

60/1998 Coll., as amended



The Ministry of Finance shall determine in accordance with § 4 and 6 of law No. 58/1995 Coll.

insurance and funding export with State support:



Article. (I)



Decree 278/1998 Coll., to implement Act No. 58/1995 Coll.

insurance and funding export with State support and supplement of the law

No. 166/1993 Coll. on the Supreme Audit Office, as amended

the regulations, as amended by Act No. 60/1998 Coll., as amended by Decree No. 88/2000

Coll., Decree No. 355/2001 Coll., Decree No. 29/2003 Coll., Decree No.

407/2006 Coll. and Decree No. 62/2010 Coll., is amended as follows:



1. In paragraph 2, the first sentence is replaced by the phrase "the calculation of the required insurance

capacity performs the export guarantee and insurance company, a. s.,

(hereinafter referred to as the "export insurance company"), as the sum total of values

export credit risks covered by applicable insurance contracts,

reduced by the value of the anticipated payments for insured loans, the value of

export credit risks contained in contracts of active reinsurance

activities, and the values of the export credit risks contained in contracts for

the promise of insurance and the values of the unfinished contracts whose

the conclusion can be competently assume in that State

budget established. ".



2. In article 3, paragraphs 3 and 4 are added:



"(3) when processing the proposal for subsidy from the resources of the State budget for

supplement insurance funds shall be based on the status of funds for the insurance

export credit risks that are created from the State budget in

the previous years, of the expected changes to these funds after

allocations from the distribution of the profit of the company, from the status of technical provisions, and

the estimate of expected cash flows from the premiums received, changes

the status of the technical provisions, premiums paid, paid

claims and recovered receivables in the current accounting period and

year for which the State budget is drawn up.



(4) the release of approved subsidies from the State budget in accordance with

decision of the Ministry on the basis of application of export insurance, in

that shows the actual state of export insurance company insurance exposures,

the status of the technical reserves and State insurance funds, to the end of the previous

quarter, a prerequisite for the coming period of at least 90 days, when

taking into account the expected cash flows of the premiums received, changes

the status of the technical provisions, premiums paid, paid

claims and recovered debts. These assumptions are

qualified estimate of export insurance company. ".



3. section 7, including the title reads as follows:



"section 7 of the



Method of submission of the application for the endowment of the loss, and payment of subsidies



(Section 6, paragraph 4, of the Act)



(1) an application for the granting of subsidies to cover the losses of export

supported by funding from the operation of the Bank (hereinafter the ' subsidy to cover

loss ") from the State budget shall be submitted in the compilation of the State

the budget for the financial year. The application shall be accompanied by an overview of the

the State obligations arising from contracts for the acquisition of long-term

financial resources closed at the date of the request, an overview of the

estimated volume of long-term financial resources for the financial year

paid-up; and the foreseeable need for obtaining new financing sources

in the link to their use for the 31. December of the financial year.



(2) Subsidies to cover losses, provides a deposit during the year in

quarterly instalments on the basis of the facts reported in the accounts to

the end of each quarter. Advance enumerations subsidies to offset losses

submitted to the Department of the export Bank of the twentieth day of the month

following the end of the quarter. Subsidies to offset losses for

each quarter shall be provided to the 30th day from the start of examination

handouts to the quantification of subsidies by the Ministry. Advance subsidies on enumerations

offset losses for the fourth quarter, the Bank shall submit to the Department of export

According to the preliminary fact reported by 10. January

the following year. Export Bank financially settles the subsidy

to cover the losses for the year with the Ministry under a special

the legislation governing the financial settlement with State

budget.



(3) as part of the application referred to in paragraph 2, the export Bank presents

also information about the status of a State guarantee, the information about the newly negotiated

business cases for the quarter, in particular, identification

the data exporter, the number of the credit agreement, a description of the project, the State of destination,

the agreed amount of contractual performance, method and the value of the collateral, and an overview of the

Receivables from banks supported the financing of the last day

the previous quarter, indicating the value of the claim without corrective

items and value adjustments, and value of the collateral

accounts receivable.



(4) in the event that the Department finds irregularities in enumerations

subsidies, inform the export Bank within three working days. The term

for the payment of losses in each quarter shall be suspended until such time as their

the removal of the export Bank. ".



Article. (II)



The effectiveness of the



This Decree shall enter into force on 1 January 2000. from 1 June 2015.



Minister:



Ing. Sport in r.