Decision No. 69/2003/QD-NHNN supplements certain accounts to the accounting account system for credit institutions, specifically foreign currency loan accounts and cumulative interest management accounts. This decision applies to foreign credit institutions operating in Vietnam and Vietnamese credit institutions operating abroad.
적용 범위
Foreign credit institutions operating in Vietnam and Vietnamese credit institutions operating abroad for a period of 12 months or more.
핵심 사항
- Foreign credit institutions → are allowed to open foreign currency loan accounts (account 125) → only at credit institutions permitted by the State Bank of Vietnam, for a period of 12 months or more.
- Foreign credit institutions → must record in detail according to each institution when borrowing foreign currency (account 125).
- Account 127 → is used to record accumulated interest receivable from loans made to foreign credit institutions in foreign currency.
- Account 128 → is used to establish reserves and handle difficult-to-collect receivables arising from loans made to foreign credit institutions.
- The balance of accounts 125, 127, and 128 → reflects the outstanding foreign currency value, the amount of accrued interest receivable not yet due, and the reserve for difficult-to-collect receivables.
🌐 이 문서의 사회적 영향
- Positive impact: Enhances credit risk management for foreign currency borrowing credit institutions.
- Negative impact: May increase accounting and management costs for credit institutions.
❓ 자주 묻는 질문
Which accounts can foreign credit institutions open?
Foreign credit institutions can open account 125 'Foreign Currency Loans to Foreign Entities'.
What does account 127 record?
Account 127 records accumulated interest receivable from loans made to foreign credit institutions in foreign currency.
How must credit institutions establish reserves?
Account 128 is used to establish reserves and handle difficult-to-collect receivables arising from loans made to foreign credit institutions.
What do the balances of accounts 125, 127, and 128 reflect?
The balance of account 125 reflects the outstanding foreign currency value, the balance of account 127 reflects the amount of accrued interest receivable not yet due, and the balance of account 128 reflects the reserve for difficult-to-collect receivables.
To which credit institutions does this decision apply?
This decision applies to foreign credit institutions operating in Vietnam and Vietnamese credit institutions operating abroad for a period of 12 months or more.
전문
Pursuant to …;
OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
On supplementing certain accounts to the accounting system of credit organizations
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on Credit Organizations No. 02/1997/QH10 dated December 12, 1997;
Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and ministerial-level agencies;
At the proposal of the Director of the Accounting and Finance Department of the State Bank,
DECISION:
Article 1. Supplementing certain accounts to the Accounting System of Credit Organizations issued together with Decision No. 435/1998/QĐ-NHNN2 dated December 25, 1998 of the Governor of the State Bank as follows:
1. Supplementing 12 second-level accounts under account 125 "Loans to foreign entities in foreign currency", including the following third-level accounts:
1251 - Loans within term and extended terms
1252 - Overdue loans up to 180 days recoverable
1253 - Overdue loans from 181 to 360 days recoverable
1258 - Non-performing loans.
These accounts shall only be opened at credit organizations permitted by the Governor of the State Bank to extend foreign currency loans to foreign credit organizations operating outside Vietnam and Vietnamese credit organizations operating outside Vietnam for a period of 12 months or more (hereinafter referred to as overseas credit organizations).
Debit side records: - The value of foreign currency loaned to overseas credit organizations.
Credit side records: - The value of foreign currency repaid by overseas credit organizations.
Debit balance: - Reflects the outstanding value of foreign currency loans owed by overseas credit organizations to credit organizations.
Detailed entries:
Open detailed accounts for each overseas credit organization borrowing foreign currency.
2. Supplementing the third-level account under account 127 "Accrued interest receivable":
1275 - Accrued interest from foreign currency loans to overseas credit organizations.
This account is used to record accrued interest receivable calculated on the amount of foreign currency loaned to overseas credit organizations that the credit organization will receive upon maturity..
Debit side records: - The amount of accrued interest receivable calculated.
Credit side records: - The amount of interest paid by overseas credit organizations.
Interest due at maturity that has not been received by the credit organization must be transferred to unpaid interest according to regulations..
Debit balance: - Reflects the amount of accrued interest receivable calculated that has not yet reached the payment deadline.
Detailed entries:
Open detailed accounts for each overseas credit organization borrowing money.
3. Supplementing the Clause 128- Provision for doubtful debts
This account is used to reflect the establishment and utilization of provisions to handle doubtful debts (overdue and non-performing debts) arising from loans to overseas credit organizations.
Credit side records: - The provision for doubtful debts included in expenses.
Debit side records: - Unrecoverable doubtful debts must be handled according to regulations.
Transfer the difference in the provision for doubtful debts established but unused at the end of the accounting period if it exceeds the amount of provision required to be established for the next period.
Credit balance: - Reflects the provision for existing doubtful debts..
Detailed entries:
Open one detailed account.
Article 2: This Decision shall take effect from the date of signing.
Article 3: The Director of the Office, the Head of the Accounting and Finance Department, the heads of units under the State Bank, the Governors of the State Bank Branches in provinces and centrally-administered cities, the Chairmen of the Board of Directors, General Managers (Directors) of credit organizations are responsible for implementing this Decision.
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