IT ' S SMART

The interest rate deviation guide due to short-term capital use for medium-term lending, long term for the National Commercial Bank.

Director of the Prime Minister's direction in Public Works 6213 /KTTH on December 7, 1996 "On the loan of short-term capital investment"; Public Works 959 /KTTH on March 3, 1997 "On the implementation of the 1997 Investment Credit Plan"; Public Works 1753 /KTTH on 11/4/1997 " On the implementation of a short-term capital loan plan ".

The Ministry of Finance guidelines for the granting of interest arbitrates due to short-term capital loans, long-term government designation for the state-owned Commercial banks as follows:

I. GENERAL REGULATIONS:

1. Subject applies: The state-owned Commercial banks are assigned to a short-term capital loan, including:

-Vietnam Investment and Development Bank

-Vietnam, Vietnam.

-Vietnam Foreign Trade Bank.

-Agricultural and rural development of Vietnam.

2. Range, principle of compensation:

2.1. Only the interest rate offset for mid-term loans, long-term capital short-term capital, is in the right category of investment lending under the Government ' s designation due to the Ministry of Investment Planning and the State Bank of Vietnam.

The loan must ensure the right purpose, correct object, and apply the correct interest rate.

2.2. The balance of interest rates is allocated in principle:-Contracting Contracts before January 1, 1997: Compensate For The Amount Of Difference Between Ordinary Short-term Lending Rates with a loan interest rate of 1 .1% /month (13 by 2% per year), calculated on the amount of capital It's a loan practice.

-contracted loan contracts January 1, 1997: Offset enough deviation between short-term short-term lending rates with a loan interest rate of just 0 .81% /month (9.72% per year), calculated on the amount of actual capital lending.

2.3. The Commercial Bank is designated for short-term, long-term, long-term borrowing, the amount of the loan, the loan, the debt, the capital debt of the head to ensure the calculation, which checks the amount of compensation that the interest rate command is favorable, correct.

II. SPECIFIC REGULATIONS:

1. The sequence, the planning method determines the amount of the offset interest rate:

1.1. Year compensation plan: Be determined in accordance with the following formula:

Number of compensation in the year of planning

=

The amount of capital for the vayis granted offset

x

Regular short-term loan interest rate

-

Average loan interest, long term by month designation

x

The number of months for vayis granted in the year

(1)

In it:

* Loan-to-monthly loan amount is the actual monthly loan balance that the actual month is born in accordance with the specified category (full month).

The average monthly plan loan balance is the average number of the monthly plan balance and the end-of-month plan balance.

* A regular short-term loan interest rate is the average interest rate of the Bank of Commerce ' s actual loan to the state-owned enterprise by province, the city at the same time the signing of a loan contract (in the limit of a loan interest ceiling) by the Governor of the State Bank of State.

* Net interest rate, long term by month designation: is the rate of interest at 2 different times (Regulation 2.2, point 2, item I).

1.2. Execution sequence:

a. The portfolio of investment projects for high-term, long-term lending, the National Trade Bank plans to offer a profit-based price arbiter by quarter-year-long share of the Finance Ministry to sum up the annual Budget bill. (In accordance with formula 1).

b. On the basis of a report by the Commercial Banks, the Ministry of Finance will review, aggregate to determine the annual interest rate compensation plan and each quarter of the state budget spending plan; at the same time, inform the state-owned commercial banks.

c. quarterly, the Ministry of Finance will review the interest rate differential for the National Commercial Banks under the designation of the Year Plan, the quarter determined.

2. The actual interest rate offset method: 2.1. Actual interest rate compensation formula:

The number of actual interest rates five times the accounting for compensation, as determined by the numerical method as follows:

Actual rate compensation number five

=

Regular short-term loan interest rate

-

Average loan interest, long term by month designation

x

The sum of the volume between the balance balance, the actual long term with the actual balance of debt in the year 30

(2)

2.2. Actual interest rate offset:

a. The end of the fiscal year, the National Commercial Bank is tasked with lending, long-term accounting, determining the actual interest rate difference number of interest offers in terms of the volume of the volume and the Finance Ministry report (calculation in formula 2).

The amount of compensation offers to report details of each of the loan contracts, the Central Business classification and the local business.

b. On the basis of a report by the state-owned Commercial Banks, the Ministry of Finance will examine, determine the official number of interest arbitrates for the Commercial Bank and processing as follows:

If the actual compensation number is higher than the number of temporary plans, the Ministry of Finance will grant sufficient supply.

-If the actual compensation number is lower than the number of temporary plans, the Commercial Bank is transferred that disparity to the Next Year ' s Plan of Quarter Plan (the case has not yet revoked the investment loan debt); or must submit to the State Budget (the case has changed). All right, let's get back to the loan debt.

The Commercial Bank of Central Commerce accounts the amount of interest rates arbiter in the Bank's income (revenue), which tracks on a separate account.

c. The loan contracts do not pay the right debt, the state-owned Commercial Bank performs the overdue rate of interest in accordance with the regulation of the State Bank.

The rate of interest rates that arise due to overdue interest rates will be aggregable, report the Ministry of Finance separately.

d. Monthly (quarter), TW Commercial Bank is responsible for reporting to the Ministry of Finance:

-The first amount of debt to medium-term, long-term lending.

-The loan number was born in the period

-The amount of debt in the period.

-The average balance of debt.

-Actual interest rates arise during the period.

III. THE ORGANIZATION.

1. The granting of the regulatory interest arbitrate at this index applies only to mid-term loans, long-term regulation at the Government's 6213 /KTTH on 7 December 1996 of the Government and according to the additional investment portfolio by Decision No. 237 /KTTH on 20 September 1996 of the Prime Minister. The General Government.

2. The state-owned Commercial Bank is assigned to invest in an organization responsible for implementing a good implementation of the planning and determining the exact number of interest rates that offer annual compensation according to the content mentioned in this Information.

The 1997 compensation plan was reported on the Ministry of Finance after receiving this guidance message (including the fourth quarter of 1996-if there was a derivative).

In the course of execution if there is an entangrium, the offer reflects in time to the Ministry of Finance.