IT ' S SMART

Loan expense offset guidance

The project investment vehicle transport public passenger vehicle by bus.

In Ho Chi Minh City

______________________________

State Budget Rules 01 /2002/QH11 December 16, 2002;

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

Base of Protocol 118 /2008/NĐ-CP November 27, 2008 the Government provides for the functions, duties, powers, and organizational structure of the Ministry of Finance;

Public Office 1124 /CP-CN on August 21, 2003 of the Government Office on the Public Investment Transport Investment Project by bus in Ho Chi Minh City;

The Finance Ministry instructs the rate of interest arbiter compensation for the public passenger transport project by bus in Ho Chi Minh City as follows:

CHAPTER I. GENERAL REGULATION

What? 1. Range applicable

This information instructs the granting of interest arbitrate lenders to the public passenger transport project by bus in Ho Chi Minh City (later called Project).

What? 2. Interest Rate offset source

1. Ho Chi Minh City budget (later called the City Budget) grant compensation arbitrates for the investment project loan of public passenger transport by bus in Ho Chi Minh City on the basis of actual loan interest rates with interest rates to the Prime Minister ' s regulations of 3% per year.

2. The compensation source arbiter of the project loan is arranged from the additional central budget that has the goal for the annual local budget. The Ho Chi Minh City People's Committee (later known as the City People's Committee) is responsible for approval, granting a direct compensation to the Financial Investment Company of Ho Chi Minh City (later known as the Financial Investment Company). It ' s exactly the same way.

CHAPTER II. SPECIFIC REGULATION

What? 3. Build an interest rate offset plan

1. Prior to July 25, the progressive base implemented the Project, loan plan, debt recovery, and expected loan interest of the planned year, the Financial Investment Company to build interest rate arbitrate plans for the year of planning, report the Department of Financial Services. Ho Chi Minh City finances review, general aggregate in the bill of collection, the City Budget spending to present the City People ' s Committee and the authorship approved by the regulation of the State Budget Law.

2. The City Budget Accounting Base in planning has been delivered by the Prime Minister, the City People's Committee of the City Council of People's Assembly approved the budget execution of five plans, including the mandate to pay the difference in terms of interest. regulation.

3. The City Council Resolution Base on the approval of the planned local budget bill, the City People's Committee decided to deliver the interest rate arbiter to the Financial Investment Company.

What? 4. Method of planning to offset interest rates

The annual interest rate offset plan is determined in the following formula:

In it:

-Loan debt per annum plan = (mortgage debt the first year's plan + loan debt to the end of the plan year) /2.

-Interest rate of five plans = capital raising interest of twelve (12) months of expected digital average (04) Bank of Foreign Trade (Foreign Trade of Foreign Trade)-Branch of the City of Ho Chi Minh City, Exchange II Bank of Vietnam, Bank of Vietnam Agriculture and Rural Development-Ho Chi Minh City Branch and Investment and Development Bank-Ho Chi Minh City Branch) on the City of Ho Chi Minh City (+) administrative fees are 1 .2% per year.

-The loan interest rate for the project under the Prime Minister ' s regulation is 3% per year.

What? 5. The principle of interest arbiter arbiter

1. The City People ' s Committee performs an interest arbitrate compensation for the Financial Investment Company. The interest rate offset is determined on the basis of the actual compensation rate differential and the actual average debt balance of the Project.

2. The rate of interest arbitrate is performed in accordance with a six-month period of temporary, with a level of 75% of the difference in the amount of offset in the period. At the end of the fiscal year, the base reported a merger of the Financial Investment Company's interest rate arbiter, the City People's Committee approved official compensation for the year to adjust, suppleming the missing part (if any).

3. The City Budget ' s rate of interest rate compensation is consistent with the lending progress of the Financial Investment Company and pays off the loan of the project.

4. The deadline to offset interest rates on each loan is a deadline for the actual loan term of the State Finance Investment Company and no more than ten (10) years since the bank's first loan.

What? 6. The actual interest rate offset method

The actual number of actual interest rate offset (six months, year) is determined by the formula:

Method defined:

-Amateur loan debt is actual in the term = Total monthly debt per month/monthly debt surplus in the period.

In it: Amateur debt of the month = (debt in the first month of the month limit) /2.

-Loan interest rates in the term = total interest rate of average monthly/month period in the period (6 months, year) of four (04) Commercial banks on the City of Ho Chi Minh City address at Article 4 This is plus (+) management fee 1 .2% per year (probation charge) The sixth (6th) month is 0.6% /6 months.

In it: The interest rate mobiles per month = (the interest rate of the first day of the month + yield on the capital on the end of the month) /2.

-Preferable Lending Rates For The Project are 3% per year. The preferable loan interest rate of six (06) months is determined on a regulatory basis from the preferable year loan interest rate of 1 .5% /6months .

What? 7. Presentation, profit margin procedure

1. Advance of interest rate offset six (06) months

a) Prior to July 15 each year, the data base on loan, debt, debt, and interest rates were born in the first six (06) months of the year, the Financial Investment Company reported and recommended that the People's Committee make up the difference. Interest rate deviation (Report manifold according to Appendix 01).

b) The proposed base of the Financial Investment Company, the City People ' s Committee review, decided the number of interest rates offset interest rates in six (06) months in accordance with the stated principle at Article 5 This News.

2. Make up the interest rate arbiter all year

a) End of the fiscal year, the official decision-based base approved by the Board of Members, the Financial Investment Company, which determines the actual interest rate of the year, has a report written and recommended that the City People's Committee be compensated. Interest rate deviation (Report manifold according to Appendix 01).

b) The annual compensation plan base is set up in the city budget bill, which reports the interest rate arbiter, the Municipal Committee for inspection, review, review of the official number of compensation for the year, and the implementation of the number of temporary compensation. six (06) of the first month of the year and the addition of the remainder (without).

What? 8. The interest rate division offset the interest rate

The number base is compensated for (6 months, year) and the lending capital ratio of credit organizations, Accounting Finance Investment Company, which determines the level of compensation of each unit and payment for capital participation units.

What? 9. Process arbiter between official compensation and compensation plan

The difference between the official compensation number and the compensation plan is processed as follows:

1. If the amount of offset the actual interest rate of the year is higher than the number of positions in the interest rate compensation plan that has announced in the City Budget bill, the City People ' s Committee layup the source to grant the addition in the next year.

2. If the amount of offset the actual interest rate of the year is lower than the number of positions in the interest rate offset plan announced in the City Budget bill, the difference is moved next year and counts compensation plans in the budget bill. The City Book of the following year (if the next year still has a compensation arbiter) or cancel the existing plan in the State Budget Law and the existing manual text (the next year is not a compensation spread).

What? 10. Report, resolve, audit

1. Before the last 25 months of the Second Quarter, the Financial Investment Company reported the City People ' s Commission, the City Finance Department on the loan situation, repayment of debt and expected the differential compensation level in the first two quarter of the year (Annex Report). No. 02 accompanied.

2. Slowly 90 days after the end of the fiscal year, the Financial Investment Company sets up the interest rate arbiter in the year, the City People ' s Committee approved by regulation at Section 2, Article 7 of this.

3. The granting of interest arbitrate is subject to a state audit by the regulatory regime.

CHAPTER III. THE ORGANIZATION.

What? 11. The responsibility of the organizations involved

1. The People ' s Committee is responsible:

a) Balance, the layout of the City Budget to Offset Interest Rates for the Financial Investment Company and the subsidies for the investment of the bus project to return the loan in accordance with the right progress.

b) Directs the Financial Investment Company to build plans and approve the number of interest rates that arise in the year by regulation at this Smart.

c) Appropriation and annual compensation for the Financial Investment Company on the basis of the balance of the City Budget.

d) End of Project (2013), aggregate, assessment of the Prime Minister's report on the results of the implementation of the Project, the co-sending the Ministry of Finance and the Ministry of Planning and Investment.

2. The Financial Investment Company is responsible:

a) Construction of the annual interest rate compensation plan for the City People's Committee approved;

b) The organization makes a capital capitalization under the provisions of the Project and is responsible for its lending.

c) The president's report of the arbitrate arbiter arbiter arbitrate arbiter approval and is responsible for the accuracy, honesty of the reporting figures associated with the Project.

d) Take on the source of interest arbitrates from the City Budget and implement the division to the participating organizations that lend their capital to the rate of capital of each unit.

e) End of Project (2013) aggregate, evaluating the results of the implementation of the Project, the Municipal Commission reports.

What? 12. Terms of execution

1. This message has been in effect since 12 April 2012 and applies until the Project is finished. This information replaces the Digital. 111 /2003/TT-BTC November 17, 2003 and Digital News 91 /2004/TT-BTC September 13, 2004, the Ministry of Finance guidelines on the issue of the interest rate arbiter lending to the investment project of public passenger transport by bus in Ho Chi Minh City.

2. The decision to make up the interest rate arbiter of the public transport project by bus in the City of Ho Chi Minh City in 2010 is applied to this message.

3. The Chairman of the City People ' s Committee, General Manager of Financial Investment Company and organizations, the relevant individual responsible for the proper enforcement of the practice in this Information. During the implementation process, if it is difficult, entangled with the Chairman of the City People ' s Committee, the General Manager of the Financial Investment Company and the organizations, the individual has a timely report on the Ministry of Finance to review and have specific directions.