IT ' S SMART

The interest rate guidance is due to the credit policy implementation.

Number Protocol 67 /2014/ND-CP July 07, 2014

The government on some of the fisheries development policies

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Base of Protocol 60 /2003/ND-CP June 6, 2003 by the Government Regulation and guidelines for the implementation of the State Budget Law;

Base of Protocol 67 /2014/ND-CP July 7, 2014 of the Government on a number of fisheries development policies;

Base of Protocol 215 /2013/ND-CP December 23, 2013 of the Government stipulated the functions, duties, powers, and organizational structure of the Ministry of Finance;

At the suggestion of the Chief Financial Officer of the banks and financial institutions;

The Minister of Finance issued the interest in interest rate compensation due to the implementation of the credit policy under the Digital Protocol. 67 /2014/ND-CP July 7, 2014 of the Government on a number of aquatic development policies.

What? 1. The adjustment range

This provision guidelines for the filing, sequence, interest rate-level procedure due to the implementation of a new closed credit policy, upgrade by regulation at paragraph 1 and paragraph 2 Article 4, paragraph 1 Article 8 of the Digital Protocol 67 /2014/ND-CP July 7, 2014 The Government on some of the fisheries development policies (the following calls for the Digital Protocol). 67 /2014/NĐ-CP).

What? 2. Subject applies

The commercial banks implement a new closed credit policy, upgrade the ship by regulation at paragraph 1 Article 4 of the Digital Protocol. 67 /2014/ND-CP and guide to the State Bank of Vietnam.

What? 3. State budgets grant interest rate compensation

Commercial banks are allocated interest rates by the state budget in response to the full amount of following conditions:

1. Implemation of a new closed credit policy, upgrade the vessel under the correct regulation at paragraph 1 Article 4 of the Digital Protocol 67 /2014/ND-CP and guide to the State Bank of Vietnam.

2. The loan allowable loans are subject to the correct lender, the customer uses the right-purpose loan under the rule of law, including:

a) In term loans;

b) The loans are at risk due to the objective cause, the inability to resist the restructuring of the debt by regulation at paragraph 2 Article 4 of the Digital Protocol 67 /2014/ND-CP and guide to the State Bank of Vietnam.

The objective of the objective was: the ship was caught in the sea; the ship was captured by foreign ships, returning it; being struck by a foreign ship or a pirate ship.

What? 4. Level of interest rate

1. The level of interest rates compensated for commercial banks.

a) For the first year (12 months), calculated from the date of the signing of the credit (the owner is exempt under regulation at the point of d 1 Article 4 of the Digital Protocol) 67 /2014/ND-CP): The price level is 7% per year. In the case, the State Bank of Vietnam regulates lending rates below 7% per year, and the price of interest rates is the interest of lending rates by the State Bank of Vietnam.

b) For the second year onwards of the credit contract, the level of interest rate is the difference between the commercial bank interest rate lending and the owner interest rate must be paid in accordance with the regulation at c 1 Article 4 of the Digital Protocol. 67 /2014/ND-CP In the case of a 7% lower loan interest rate, the loan rate for the loan was made as the loan interest rate was announced by the State Bank of Vietnam.

2. The State Bank of Vietnam informs the Ministry of Finance of the loan interest rate to make a profit-level compensation base when adjusting the loan interest rate.

What? 5. Rate of Interest Rate

1.

a) The commercial banks plan to pay interest rates next year in the following formula:

Number of compensation in the year of planning

=

The loan balance is a five-year plan.

x

The rate of interest in the plan five.

In it:

-The average annual loan debt is calculated according to the average formula between the annual debt and the final debt of the year;

-The rate of interest in the plan is to be made in accordance with the provisions of Article 4 of this.

b) Every year, the slog on July 31st, commercial banks plan to offset interest rates all year by regulation at point a, paragraph 1 This Article; send the Ministry of Finance (01 ministries), Ministry of Planning and Investment (01) and State Bank (1). Vietnam (1) to sum up the state budget.

c) Alone in 2014, the situation base for the final months of the year, the commercial banks aggregate the Ministry of Finance to perform a temporary interest rate compensation clause at paragraph 2.

2. Advance of the quarterly interest rate.

a) A maximum of 20 days from the date of receiving a quarterly report on the situation of the implementation of the loan and the text offering to temporarily offset the interest rate of the commercial banks, the Ministry of Finance will perform a temporary compensation compensation.

b) The amount of temporary interest compensation in the quarter by 95% of the amount paid for the first quarter.

3. Interest rate compensation.

a) determine the actual amount of interest in the compensation state budget proposal.

-The amount of actual interest in compensation for a loan is calculated according to the sum of the total volume between the price of compensation (divided by month) with the loan balance corresponding to the number of actual debt days, according to the following formula:

The real amount of interest is compensated for a loan.	=		x	The sum of the volume between the debt balance (corresponding to the loan interest) with the actual balance of days
				30 days

In it: The level of interest in compensation is specified at 1 Article 4 of this and is calculated according to unit %/ynh; n is the number of days of interest in interest in the interest rate.

-The amount of money allocated is the total amount of the compensation actual interest of all lenders of the specified object at the Digital Protocol. 67 /2014/ND-CP and guide to the State Bank of Vietnam.

-Commercial banks use the above formula to determine the amount of interest payments annually to offer a bank's budget.

b) The interest rate payment profile.

-The report aggregate the amount of payment of the interest rate payment of each loan has already been audits by independent audits or State Audit under Annex 1 /BC attached this Smart.

-The Ministry of Finance recommended that the rate of interest payments in which the amount of a decision offer does not exceed the data that has been confirmed by the auditor.

-Documents (major copies or copies issued by the commercial bank) include: credit contracts, indentured contracts or equivalers to identify a loan client, the situation that performs loans, debt, debt, debt collection, balance sheet. The amount of interest in the interest rate; the new contract, upgrading the ship. These documents are stored by the commercial bank at the bank's headquarters to serve as a decision-of-law to be determined in the case.

-Chairman of the Board of Directors, General Manager of the Commercial Bank is responsible for the validity and accuracy of the decision record and the number of state budget proposals granting interest rates.

c) Send the text of the decision.

At the end of the 120 days since the end of the fiscal year, commercial banks must fully prepare the accounting records and send the Ministry of Finance to offer a decision, report aggregation of the number of decision-payment proposals at the expense of the regulations. It's a three-point clause.

4. Verify that the rate of interest payments is recommended.

a) execute the number of charges recommended for interest rate payments.

The Treasury Department conducted a digital appraisal of the bank ' s interest payments in 60 days from the date of receiving the text offering the interest payments of commercial banks and commercial banks to fully prepare the bank records. It ' s decided by regulation at the point of this three.

b) Processing the data difference.

-The case has the difference between the number of decision-making and the Treasury ' s number of decisions that the commercial banks make adjustments on the accounting bookbook accounting for interest rate compensation according to the number of documents that have been questioned by the Treasury Department.

-The arbiter arbiter between the number of determined judges and the number of decisions made in the 45-day period since the date of the Finance Ministry announced the review of the decision.

-The case must extend the differential processing time between the number of judges to decide and the number of decision-making and other special cases will be reviewed by the Minister of Finance, the decision.

-The state budget case has temporarily compensated the interest rate for the bank higher than the Treasury ' s decision number, the number of arbiters that will be transferred by the Treasury to a temporary number of the following year or the return of the state budget.

c) Processing in the case of a borrower that uses the target of the target error: When the customer finds the client to use the bank of the target wrong, the commercial bank for the loan proceeds to the provisions of the law simultaneously repaying the amount of money that has been funded by the budget. Interest rates on the loan amount have been misappropriated (in the case of state budgets that have granted interest rates) or excluded the amount of loan money that has used the target error out of the loan debt offering compensation state budget (in the case of a budget). The state has not yet granted interest rates.

What? 6. Report Mode

1. For the quarterly report.

The quarterly term (slowest is the 30th of the next month of the next quarter), commercial banks sent quarterly reports on the results of implementation of new closed loans, upgraded ships by regulation at the Digital Protocol. 67 /2014/ND-CP for the Ministry of Finance and State Bank of Vietnam under Annex 02 /BC Attachments of this Information.

2. For the report of the year.

Annual periodically (the slowest in the 90 days from the end of the fiscal year), commercial banks send annual reports on the results of the implementation of the new closed loan, upgrading the ship by regulation at the Digital Protocol. 67 /2014/ND-CP for the Ministry of Finance and State Bank of Vietnam under Annex 03 /BC Attachments of this Information.

What? 7. The organization performs

1. This message is valid since the date of the signing and applied from 25 August 2014.

2. In the course of the execution if the proposed arise reflects on the Ministry of Finance for review, the ./.