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About The Transfer Of Government Securities And Certificates Of The Ussr Savings Bank Of The Ussr To The Trust Debt Securities Of The Russian Federation

Original Language Title: О порядке перевода государственных ценных бумаг СССР и сертификатов Сберегательного банка СССР в целевые долговые обязательства Российской Федерации

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RUSSIAN FEDERATION FEDERAL LAW About the order of translation of state securities of the USSR and certificates of the USSR Savings Bank in debt securities of the Russian Federation Federation Adopted by the State Duma on 20 November 1996 Approved by the Federation Council on 4 December 1996 In accordance with Federal Law About Recovery and Protection " The Federal Law sets out the procedure for the transfer of state securities of the USSR and certificates of the Savings Bank of the USSR to special debt obligations of the Russian Federation. Article 1. Available in possession of the bonds of the State Internal winning loan of the Russian Federation; State Treasury obligations of the USSR, acquired in the period prior to 1 January 1992; certificates of the Savings Bank of the USSR, acquired in the period prior to 1 January 1992 (hereinafter referred to as the securities), which were placed in the territory of the RSFSR, relate to the guaranteed savings of citizens determined by the Federal Law "On the restoration and protection of the savings of citizens of the Russian Federation" Article 2. According to the Federal Law on the Procedure for Fixing the Debt Value of the Nominal Debt Unit of the Russian Federation. is a debt rouble (expensive). Article 3. The transfer of fixed securities to the Russian Federation's special debt obligations is effected by direct special stamps of the securities to be restored to the target debt. OF THE PRESIDENT OF THE RUSSIAN FEDERATION The values of the denomination of the Russian Federation's debt liabilities are determined in accordance with the Federal Law " O. "The restoration and protection of the savings of the citizens of the Russian Federation" and in the manner prescribed by this Federal Law. Article 4. The value of the target debt of the Russian Federation shall be determined on the basis of the value of the security to be restored and taking into account the unearned income due from the restored security of interest. under the terms of the loan contract in force on 1 March 1991. The values of the nominal debt obligations of the Russian Federation to which the restored securities are transferred (excluding the bonds of the 1982 State Internal winning loan) purchased from 1 March to 31 December 1991 is determined on the basis of changes in the purchasing power of funds after 1 March 1991. Article 5. Accounting for changes in the purchasing power of money after 1 March 1991 in the determination of the values of the nominal debt liabilities of the Russian Federation is carried out with the assistance of the denomination factors set for each of the month from 1 March to 31 December 1991. The coefficient of denomination shall be set to 1 March for the period up to 1 March 1991. The denomination coefficients for the months between 1 March and 31 December 1991 shall be calculated using the requisite social set and the basic cost of the necessary social set set by the Federal by the law "On the Procedure for Fixing the Debt Value of the Nominal Debt Unit of the Russian Federation" and the Federal Law "About the basic cost of the required social set". The ratio of the basic cost of the necessary social set to the valuation (in the currency of the USSR) of the specified set, determined on the basis of the retail prices and tariffs of the given month as a whole for the RSFSR. The denominations of the months between 1 March and 31 December 1991 are established by federal law. Article 6. The bonds of the State internal winning loan of 1982 are transferred to the Russian Federation's debt obligations-the Russian Federation's target bonds. The date of the transfer of the bonds of the 1982 State Domestic Service Bond (hereafter referred to as the 1982 bond) to the target bond of the Russian Federation is considered on 1 January 1996, regardless of the actual date of its transfer. The value of the Russian Federation's target bond is set equal to the product of the ratio of 1.4 to the value of the 1982 bond. For the 1982 bond, the value of the corresponding target bond of the Russian Federation is set equal to the product of the coefficient of 1.4 for the winning of the 1982 bond (inclusive The negative value of this bond). As of 1 January 1996, the bonds of the Russian Federation are credited with income expressed in debt. "Until the date of the introduction of free circulation of the Russian Federation's target bonds in the currency of the Russian Federation, the rate of return on the Russian Federation's debt (per year) cannot be less than 9 percent of the denomination of the target bonds of the Russian Federation." THE RUSSIAN FEDERATION Article 7. State Treasury obligations of the USSR are transferred to the debt obligations of the Russian Federation-the treasury obligations of the Russian Federation. At the same time, the outstanding coupons of the State Treasury obligations of the USSR are recognized as coupons of the Russian Federation's treasury liabilities. The value of the target treasury liability of the Russian Federation is set equal to the work of the amount of the amount of translation into it of the State Treasury obligation of the USSR (hereinafter referred to as the "Translate State") The USSR treasury liability) for the coefficient of denomination set for the period of acquisition of this State Treasury Obligation of the USSR (hereinafter, the coefficient of the redenomination of the Translate State of the USSR's treasury liability). The unit of the coupon of the target treasury liability of the Russian Federation is a debt rouble (expensive). The value of the coupons of the Russian Federation treasury is fixed by the following values: coupons, numbered from 1st to 4th, are equal to the values of the corresponding coupons Translator of the State Treasury Service of the USSR multiplied by the coefficient of redenomination of the translated State Treasury Service of the USSR; coupons bearing 5 and 6 are numerically equal to values of values respective coupons of the Translate State Treasury The obligations of the USSR multiplied by the factor 4 multiplied by the coefficient of the redenomination of the translated State Treasury Service of the USSR; coupons bearing numbers 7 and 8 are numerically equal to the values of the corresponding coupons Translator of the State Treasury obligation of the USSR, multiplied by factor 2 and for the coefficient of the redenomination of the State treasury liability of the USSR. Revenues due to date under the target treasury liability of the Russian Federation are determined by the amount of its valid coupons. The existing coupons of the Russian Federation treasury bill are the coupons that are not separated from it, numbered from 1st to 6th. From 1 January 1997, coupon coupon 7 is assigned to the effective coupons of the Russian Federation treasury. From 1 January 1998, coupon number 8 is credited to the existing coupons of the Russian Federation treasury. The number of coupons of the Russian Federation's 9th-to-16th treasury bill, as well as the establishment of the values of their nominal values, is carried out in the manner determined by the federal law. Article 8. The certificates of the Savings Bank of the USSR are transferred to special debt obligations of the Russian Federation-the target certificates of the Russian Federation. The date on which the USSR Savings Bank Certificate was transferred to the Russian Federation (regardless of the date of its actual translation) was deemed to be the date of 1996 and the date of acquisition of the certificate by the Russian Federation. for the whole number of years. The value of the name of the target certificate of the Russian Federation, to which the USSR Savings Bank certificate is transferred, is set equal to the product of the coefficient of denomination (fixed for the period to which the date is due the purchase of the certificate of the Savings Bank of the USSR) on the amount of the payment intended for the loan under the terms of the Loan Bank of the USSR on 1 March 1991, if it was made for payment the date of its translation into the target certificate of the Russian Federation THE RUSSIAN FEDERATION From the date of the transfer of the certificate of the Savings Bank of the USSR to the target certificate of the Russian Federation for this purpose certificate of the Russian Federation, the proceeds are accrued in debt rubles. Up to the date of the introduction of free circulation of the Russian Federation's trust certificates in the currency of the Russian Federation, the income (per year) cannot be less than 10 percent of the denomination of the target certificates of the Russian Federation. Article 9. The Russian Federation's statutory debt obligations are State securities for bearer bonds. The Russian Federation's limitation on the debt obligations is not subject to any statute of limitations. Article 10. The procedure for the accrual of revenue for the Russian Federation's special debt obligations and the manner in which they are serviced shall be established by federal laws. Article 11. For the restored securities not transferred to the Russian Federation's debt obligations, the State' s guarantees for the restoration and preservation of their value, as established by the Federal Law "About the restoration and protection of the savings of Russian Federation citizens", remains. Requirements for securities to be restored are not subject to limitation. Article 12. The procedure for the transfer of restored securities to the Russian Federation's debt obligations is established by the Government of the Russian Federation. The securities purchased between 1 March and 31 December 1991 may be transferred to the Russian Federation's debt obligations from the date of the entry into force of the federal law establishing the factors denomination for the period. When the securities are transferred to the special debt of the Russian Federation, account is taken of the amount of the Russian Federation's debt obligations and the amount of the income due at the end of the debt. of the current year. Article 13. This law shall enter into force on the date of its official publication. Article 14. Invite the President of the Russian Federation to bring his decrees into conformity with this Federal Act. Article 15. The Government of the Russian Federation: , within one month from the date of the entry into force of this Federal Law, to determine the rates of redenomination for each month from 1 March to 31 December 1991 and to submit to the State Duma OF THE PRESIDENT OF THE RUSSIAN FEDERATION OF THE PRESIDENT OF THE RUSSIAN FEDERATION Bring its normative legal acts into conformity with this Federal Law. President of the Russian Federation B. Yeltsin Moscow, Kremlin 12 July 1999 N 162-FZ