Circular 23/2012/tt-Nhnn: Harmonic Mode Rules On Cash, Cash Transactions

Original Language Title: Thông tư 23/2012/TT-NHNN: Quy định về chế độ điều hòa tiền mặt, giao dịch tiền mặt

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
CIRCULAR harmonic mode rules on cash, cash transactions _ _ _ _ _ _ _ _ _ _ _ _ _ _ pursuant to the law the State Bank of Vietnam the number 46/2010/QH12 16 June 2010;
Pursuant to Decree No. 96/2008/ND-CP on August 26, 2008 Government's functions, tasks, powers and structure of the State Bank of Vietnam;
Pursuant to Decree No. 40/2012/ND-CP dated May 2, 2012 of the Government on the release of money; preserving, transporting precious property and valuable papers in the State banking system, credit institutions and branches of foreign banks;
At the suggestion of the Director released and Vault;
The State Bank of Vietnam issued a circular regulating the mode of automatic cash, cash transactions, chapter I GENERAL PROVISIONS article 1. Scope this circular harmonic mode rules on cash in the banking system, the State of Vietnam (hereinafter referred to as the Bank); cash transactions between State Bank with credit institutions, branches of foreign banks, the State Treasury, the Organization and the individuals concerned.
Article 2. Application object 1. The relevant units in the State banking system.
2. Credit institutions, branches of foreign banks, the State Treasury, the Organization and the individuals concerned (hereinafter referred to as the customer) in relation to cash transactions with the State Bank.
Article 3. Career service release and automatic cash in the banking system of State Bank made the release of the money in circulation and collect money from circulation about through active currency, cash and other business activities of the Bank to the customer.
The State Bank of the harmonic organization of cash in the banking system of State through the operation of the reserve fund release, professional Fund release.
Article 4. Cash funds in the Bank system 1. State Bank reserve funds released, professional Fund released to release reserve money management and business execution released money guarantee to meet cash needs of the economy, demand release of reserve currency, needs replacing unqualified money circulation , money circulation suspension.
2. Reserve Fund release include:-new money in, cast type from the printer base, casting;
-Money enter professional funds released include the withdrawal from circulation, including money not qualified circulation, money circulation suspension.
Release of the reserve fund was managed in the Central vault and Vault the State Bank branch in the central cities, (hereinafter referred to as the State Bank branch).
3. Professional Funds released include: – Money added from the reserve fund to release;
-Cash withdrawal from circulation, including money not qualified circulation, money circulation suspension.
Professional fund managed release at Vault transaction State Bank and the State Bank branch.
Chapter II SPECIFIC PROVISIONS section 1 HARMONIC MODE CASH article 5. Operating reserve fund import export 1 releases. Export, import between reserve fund released in the Central Vault together; between the release of the reserve fund at the Central vault with the release of the reserve fund at the State Bank branch and vice versa; between the release of the reserve fund at the State Bank of India branch with each other;
2. Export and import between the release of the reserve fund at the Central vault in Hanoi with a business Foundation released in the Exchange State Bank;
3. Export and import between the release of the reserve fund with the Fund Services released in State Bank branch;
4. Export the reserve fund in the Central Vault the unqualified, the circulation of money circulating suspension to destruction;
5. Enter the reserve fund in the vault of the Central Bank, the new branch was Prime for publication circulation (was allowed to release into circulation);
6. Enter the new currency in, cast from the base in, casting about in the Reserve Fund of the Central Vault.
Article 6. The Authority signed the order, enter the reserve fund released 1. Director released and Vault was ordered to transfer cash in reserve Funds in the banking system of the State in the case prescribed in clause 1, 2, 4, 5, 6 to article 5.
2. The Director of the State Bank branch signed the order, enter the cash reserve Fund between released and professional Funds released by the State Bank Branch Manager in the case prescribed in clause 3 article 5.
Article 7. Automatic release of reserve fund demand base currency, cash; area, safe conditions of the vault State Bank branch; forecasts of revenue, spending the cash situation of the Bank branch, the Director released and Vault the Governor State Bank approved the plan to transfer cash between the release of the reserve fund at the Central vault and organize things in cash reserve fund released in the State banking system.
Article 8. Operations business Fund import export 1 releases. At State Bank branch, professional Fund release was published, with the release of the Reserve Fund and currency, cash relations with client transactions, payment with bank branches.
2. In the Exchange State Bank, mutual fund businesses are issuance appears, enter with the release of the reserve fund at the Central vault in Hanoi and was currency, cash relations with client transactions, payment.
Article 9. Level of professional Fund release based demand currency, cash spending, safety conditions and area of the vault State Bank branch, a money transaction State Bank, periodic January 3 times (or irregularly), the Director released and approved Vault norms exist in professional Fund State Bank branch , State Bank.
State Bank branch, State Bank was not to exist beyond the level of funds was approved. Norm exists to fund professional release only includes the qualified traffic.
Section 2 article 10 CASH TRANSACTIONS. Cash transactions 1. State Bank branches, bank cash transactions for customers through active currency, cash.
2. where the credit institution has many branches on the same area, State Bank branch cash transactions made through focal unit due to credit institutions on the basis of selection meeting the conditions of the safety vault, the other conditions as stipulated by the State Bank.
3. The unit's credit institution must ensure to meet the demand currency, cash for local affiliates.
Article 11. Regulations on cash transactions 1. Credit institutions, branches of foreign banks, the State Treasury cash transactions with State Bank branch, State Bank up to 2 times a day and are notified prior to the time of the transaction at least 2 hours. Case of emergency needs arise, irregular, Director of the Bank branch, the Director of the Exchange Bank review, decided on the basis of the proposal of the credit institutions, branches of foreign banks, the State Treasury.
2. The Director of the State Bank branch, Director of the Exchange Bank of specific instructions about the time cash transactions for customers; time of last trading day to stop implementation of the Windows key, professional fund release.
Chapter III LIABILITY of the 12 Units. The Bureau released and Vault 1. Responsible to the Governor about the results of the work of automatic cash in Bank system; make sure to meet the cash for the State Bank branch, State Bank.
2. Monthly reports Governor State Bank cash situation in the State banking system.
3. Instructions, check the implementation of this circular.
Article 13. State Bank branches, Bank 1. Make sure to meet cash needs for the client on the basis of the balance of deposits at the Bank branch, the State Bank.
2. Forecast of the situation, sending quarterly cash distribution and warehouse Bureau (form attached to this circular).
3. State Bank branch to check regularly the situation of currency, cash spending to determine the structure of the type genus cash out of circulation.
Article 14. Credit institutions, branches of foreign banks 1. Observance of the regulations on cash transactions of State Bank.
2. Make statistical report about Treasury operations in accordance with the current rules of the State Bank.
Chapter IV article 15 ENFORCEMENT TERMS. Effect 1. This circular effect since September 24, 2012.
2. Decision No. 25/2008/QD-NHNN on 08/09/2008 the Governor of the State Bank issued cash a/c mode, import and release of the reserve fund, Fund Services released in the State banking system expired from the date of this circular are enforceable.
Article 16. The Organization made Chief of State Bank of India, the Director released and Vault, the heads of the relevant units in the State banking system; Chairman of the Board, General Director (Manager) of the credit institutions, the Director of the foreign bank branch, Director of the State Treasury is responsible for the implementation of this circular.