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

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102060987

RUSSIAN FEDERATION FEDERAL LAW on the procedure for the transfer of Government securities and certificates of the USSR savings bank of the USSR to the trust debt securities of the Russian Federation adopted by the State Duma on November 20, 1996 year approved by the Federation Council December 4, 1996 year in accordance with federal law "to rehabilitate and protect the savings of citizens of the Russian Federation" the Federal law establishes the procedure for the transfer of Government securities and certificates of the USSR savings bank of the USSR to the trust debt securities of the Russian Federation.
Article 1. Available to the citizens of the Russian Federation State Domestic bonds premium bond 1982 years; Government Treasury obligations of the USSR, acquired during the period until January 1, 1992 onwards; certificates of the USSR savings bank, acquired in the period up to January 1, 1992 (hereinafter-recoverable securities), which occurred on the territory of RSFSR, belong to the citizens savings guaranteed certain federal law to rehabilitate and protect the savings of citizens of the Russian Federation ".
Article 2. Recoverable securities can be transferred into the trust debt securities of the Russian Federation, the unit face value which in accordance with the Federal law "on the procedure for establishing the debt nominal unit cost target of debt obligations of the Russian Federation" is debt рубль (DoR).
Article 3. Translation of restored trust securities debt obligations of the Russian Federation is made by drawing directly on the securities recover, special marks, certifying their transfer into the trust debt securities of the Russian Federation established in accordance with this federal law types, denominations and income (payable according to the destination of the debt obligations of the Russian Federation).
Magnitude data of debt targeted denominations of the Russian Federation shall be determined in accordance with the Federal law "about restoring and protecting the savings of citizens of the Russian Federation" and in the manner prescribed by this federal law.
Article 4. The value of the nominal target of debt obligations of the Russian Federation is determined on the basis of the nominal amount transferred to it the restored commercial paper and taking into account the income foregone due to the restored security in accordance with the terms of the loan agreement, in force on March 1, 1991 year.
Magnitude of the denomination targeted debt obligations of the Russian Federation, which have been recoverable securities (with the exception of bonds of internal State loan winning 1982), acquired during the period from 1 March to December 31, 1991 year, shall be determined taking into account the changes in the purchasing power of money after March 1, 1991 year.
Article 5. Accounting changes in the purchasing power of money after March 1, 1991 the year when determining the values of the nominal values of the target debt obligations of the Russian Federation is carried out by means of the coefficients of a denomination, established for each month, included in the period from March 1 to December 31, 1991 year.
For the period before March 1, 1991 year coefficient denominations is set to one.
The coefficients of the denomination for months, falling in the period from March 1 to December 31, 1991 year, computed using a set of necessary social and basic cost of necessary social set, established by the Federal law "on the procedure for establishing the debt nominal unit cost target of debt obligations of the Russian Federation" and the Federal law on basic cost of necessary social set. "
Coefficient denominations for the month included in the period from March 1 to December 31, 1991 year, is against the basic cost of necessary social set to valuation (in the currency of the Soviet Union) in a specified set that are defined on the basis of retail prices and tariffs this month in the whole Russian Federation.
The coefficients of the denomination for months, falling in the period from March 1 to December 31, 1991 year, are established by federal law.
Article 6. Bonds of internal State loan year 1982 winning remitted to the trust debt securities of the Russian Federation-Russian Federation target bonds.
Date of transfer of bonds of internal State loan winning 1982 year (hereinafter referred to as the bond of the year 1982) into the target bond of the Russian Federation considered January 1, 1996 year, regardless of the actual date of transfer.
The value of par bonds target the Russian Federation is set equal to the product of the coefficient 1.4 on par value transferred in her 1982 year bonds.
For the successful 1982 year bonds at par value of bonds of the respective target Russian Federation is set to the product of the coefficient 1.4 on the amount of this bond ^ 1982 year winnings (which includes the amount of face value of the bonds).
From January 1, 1996 year on bonds of the Russian Federation awarded income debt expressed in LCY.

Before the date of the introduction of the free circulation of bonds of the Russian Federation in the currency of the Russian Federation on debt cost accrued on income (per year) may not be less than 9 per cent of bonds denominations of the Russian Federation.
Article 7. Government Treasury obligations of the USSR are transferred to the trust debt securities of the Russian Federation-trust Treasury obligations of the Russian Federation. While neotdelennye coupons of Government Treasury obligations of the USSR recognized coupons target data Treasury obligations of the Russian Federation.
Par value trust Treasury obligations of the Russian Federation is set equal to the product of the nominal values of it State Treasury obligations of the USSR (hereinafter-translated State Treasury obligation of the USSR) the coefficient denominations set for the period, which accounted for the acquisition date of the State Treasury obligations of the USSR (hereinafter-coefficient denominations of State Treasury obligations of the USSR).
Unit par target coupon Treasury obligations of the Russian Federation is debt рубль (DoR).
Target coupons for Treasury obligations of the Russian Federation establishes the following values of their denomination: nominal value of coupons with numbers from 1-St to 4th numerically equal values denominations appropriate coupons of State Treasury obligations of the USSR, multiplied by the coefficient denominations of State Treasury obligations of the USSR;
values of coupons with numbers 5 and 6 are numerically equal values of the respective denominations coupons of State Treasury obligations of the USSR, multiplied by the factor 4 and factor in the denomination of State Treasury obligations of the USSR;
nominal value of the coupons with the numbers 7 and 8 are numerically equal values of the respective denominations coupons of State Treasury obligations of the USSR, multiplied by the factor 2 and factor in the denomination of State Treasury obligations of the USSR.
Revenue owed at this time according to Treasury obligation of the Russian Federation shall be determined by the sum of the denominations of its existing coupons.
Current coupons target Treasury obligations of the Russian Federation are neotdelennye from it coupons with rooms with 1-6 St.
From January 1, 1997 year to current target coupons Treasury obligations of the Russian Federation is a coupon with the number 7.
From January 1, 1998 onwards to existing target coupons Treasury obligations of the Russian Federation is a coupon with the number 8.
Reckoning to existing target coupons Treasury obligations of the Russian Federation coupons with numbers from 9th to 16th, as well as setting their denomination values are performed in the order specified by federal law.
Article 8. Certificates of the USSR savings bank transferred to the trust debt securities of the Russian Federation-Russian Federation certificates.
Date of transfer certificate savings bank of the USSR to the trust the certificate of the Russian Federation (regardless of the date of its actual transfer) is the date corresponding to the 1996 year and extends from the date of purchase of the certificate by a whole number of years.
Par value the target certificate of the Russian Federation, which translates to savings bank of the USSR, certificate is set equal to the product of the coefficient denominations (set for the period, which accounted for the acquisition date of the certificate of the savings bank of the USSR) by payment, in accordance with the intended effect on March 1, 1991 year loan terms on the certificate of the savings bank of the USSR in case of remittance on the date the transfer to the trust the certificate of the Russian Federation.
The date of transfer of the savings bank of the USSR certificate in target certificate of the Russian Federation on the target certificate of the Russian Federation awarded income debt expressed in LCY.
Before the date of introduction of the free circulation of trust certificates of the Russian Federation in the currency of the Russian Federation on debt cost accrued on income (per year) may not be less than 10 per cent of the nominal values of trust certificates of the Russian Federation.
Article 9. Established by this federal law targeted debt obligations of the Russian Federation are state securities payable to bearer.
The demands on target debt obligations of the Russian Federation prescription does not apply.
Article 10. Income accruing to certain this federal law targeted debt obligations of the Russian Federation and the procedure of their service are established by federal laws.

Article 11. For securities that are not transferred to the trust debt securities of the Russian Federation, State guarantees for the restoration and preservation of their values, established by the Federal law "about restoring and protecting the savings of citizens of the Russian Federation".
The requirements for restoring securities limitation does not apply.
Article 12. Procedure for transfer of recovered trust securities debt obligations of the Russian Federation shall be determined by the Government of the Russian Federation.
Recoverable securities purchased during the period from 1 March to December 31, 1991 may be transferred to the target debt to the Russian Federation on the date of entry into force of the Federal law establishing the coefficients of the denomination for the specified period.
When transferring the recovered trust securities debt obligations of the Russian Federation the amount you post nominals debt targets data of the Russian Federation and the amount of income payable to them by the end of this year.
Article 13. This federal law shall enter into force on the day of its official publication.
Article 14. The President of the Russian Federation to bring its decrees in accordance with this federal law.
Article 15. The Government of the Russian Federation: within one month from the date of entry into force of this federal law to determine the coefficients of the denomination for each month in the period from March 1 to December 31, 1991 year and make in the State Duma of the Federal Assembly of the Russian Federation draft federal law;
within two months from the date of entry into force of this federal law to establish and implement a procedure for the transfer of securities to the trust restored the debt obligations of the Russian Federation;
bring its normative acts in compliance with this federal law.
Russian President Boris Yeltsin in Moscow, the Kremlin July 12, 1999 N 162-FZ