Advanced Search

Circular 15/2009/tt-Nhnn: Regulation On The Maximum Rate Of Short-Term Capital Is Used For Medium And Long-Term Loans To Credit Institutions

Original Language Title: Thông tư 15/2009/TT-NHNN: Quy định về tỷ lệ tối đa của nguồn vốn ngắn hạn được sử dụng để cho vay trung hạn và dài hạn đối với Tổ chức tín dụng

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
The CIRCULAR regulates the maximum rate of short-term capital is used for medium-term and long-term loans for credit institutions _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ pursuant to the law the State Bank of Vietnam, 1997; Law on amendments and supplements to some articles of the law on the State Bank of Vietnam in 2003;
Pursuant to the law on credit institutions in 1997; Law on amendments and supplements to some articles of the law on credit institutions in 2004;
Pursuant to Decree No. 96/2008/ND-CP dated 26/8/2008 of the Government functions, tasks, powers and structure of the State Bank of Vietnam;
The State Bank of Vietnam maximum rate regulation of short-term capital is used for medium and long-term loans to credit institutions were as follows: chapter I GENERAL PROVISIONS article 1. Scope and object applied to this circular stipulates maximum rate of short-term capital is used for medium-term and long-term loans for the credit institutions operating in Vietnam, the people's credit funds excluding basis.
Article 2. Explanation of terms In this circular, the terms below are interpreted as follows: 1. short-term capital of the credit institution's capital remaining duration to 12 months.
2. the medium-term, long-term capital's remaining term capital on May 12.
3. medium-term loans, long term is loan, financial leasing has the loan term on October 12.
Chapter II SPECIFIC PROVISIONS of article 3. Short-term capital used to lend to medium-term and long-term, short-term capital used to lend to medium-term and long-term credit institutions include: 1. non-term deposits, term deposits are term-12 months remaining of the sending organisation (including credit institutions) , personally.
2. non-term savings deposits, savings deposits are term limited time remaining to send the 12 months of the individual.
3. mobilizing capital in the form of releasing valuable papers remaining payment term up to 12 months.
4. Loans from other credit institutions have the remaining duration to 12 months, except for the loans on the interbank market.
Article 4. Medium-term, long-term capital was used for medium and long term loan 1. Medium-term, long-term capital was used for medium and long term loans include: a) term deposit term send left on May 12 of organizations (including other credit institutions), personally.
b) term savings deposits has a time limit to send left on December 12, of the individual.
c) mobilized Resources in the form of releasing valuable papers are due on November 12.
d) loans from other credit organizations have limited time remaining payments over 12 months.
DD) capital and reserve fund remaining after deducting the investments purchased fixed assets; capital contribution, purchase of shares as stipulated in paragraph 20 article 2 of regulations on the ratio of safety in the operation of credit institutions attached to decision No 456/2005/QĐ-NHNN dated Jan. 19/4/2005 by the Governor of the State Bank was amended and supplemented by decision No. 34/2008/QĐ-NHNN dated Jan. 5/12/2008 the Governor of the State Bank.
e) equity surplus.
2. The account must except from the medium-term, long-term capital used for medium term loans, long term: a) The investments into investment securities hold to maturity date and investments into other valuable papers, the term medium term long term, due to other credit institutions.
b) investments to buy stock funds.
c) deposits in credit institutions had submitted over 12 months.
Article 5. The maximum rate of short-term capital is used for medium-term and long-term loans 1. Credit institutions using the capital to lend long-term, medium term according to the following order principle: a) using the medium-term, long-term capital.
b) using short-term funds.
2. the maximum rate of short-term capital is used for medium-term loans, long term of credit institutions as follows:-the commercial bank: 30%-finance companies and finance leasing company: 30%-the Central People's Credit Fund: 20% 3. The proportion of short-term capital is used for medium-term and long-term loans calculated according to the following formula: [(A-B)/C] x 100% in that:-A is the total outstanding medium-term loans, long term-B is of medium and long-term capital used for medium term loans, long term after deducting the account must except as specified in article 4 of this circular.
-C is the total of short-term capital is used for medium-term loans, long term prescribed in article 3 of this circular.
Chapter III the TERMS of the IMPLEMENTATION of article 6. Effective enforcement of this circular are enforceable after 45 days from the date of signing and the replacement of the maximum rate regulation of short-term capital is used for medium-term loans, long term of credit institutions in the national regulations ensure safety in operation of credit institutions issued under decision No 456/2005/QĐ-NHNN dated Jan. 19 4, 2005 by the Governor of the State Bank.
Article 7. Implementation 1. Since the day this circular effect enforcement, credit institutions, short-term capital rate used for medium term loans, long term rates higher than prescribed in this circular are not continuing to use short-term capital to middle-and long-term loans and must take measures plan, adjust to ensure up to date 01/01/2010 to comply with the prescribed rate properly.
2. Service forecasts monetary base statistics, the provisions of this circular built the Governor issued statistical reporting regime for credit institutions.
3. The Chief, Chief Inspector of the inspection agency, bank supervision, heads of units of the State Bank, Director of the State Bank of India branch of the province, central cities, Chairman of the Board and ceo (Director) credit institutions responsible for the implementation of this circular.