Decision No. 886/2003/QD-NHNN amends and supplements the joint financing regulation for credit institutions. It provides for the organization of lead joint financiers and conditions for participating in joint financing.
适用范围
Credit institutions, Central People's Credit Funds and branches, Branches of the State Bank of Vietnam in provinces/cities directly under the central government, Chairmen of the Board of Directors/General Directors of credit institutions, Directors of People's Credit Funds.
要点
- A credit institution may be selected as a lead joint financier based on its capacity; Central People's Credit Funds or branches can only act as lead financiers when jointly lending with each other.
- Financial companies under holding companies shall not act as lead joint financiers.
- Entities eligible to participate in joint financing include credit institutions established and operating under the Law on Credit Institutions, including authorized branches; People's Credit Fund branches may only lend jointly with Central People's Credit Funds.
- This Decision takes effect 15 days from the date of publication in the Official Gazette.
🌐 本文件的社会影响
- Positive impact: Enhances cooperation among credit institutions in implementing joint financing, improving the efficiency of credit operations.
- Negative impact: May create management risks due to mutual dependence among credit institutions.
❓ 常见问题
Can financial companies under holding companies act as lead joint financiers?
No, according to Clause 4, Article 2 of this Decision, financial companies under holding companies shall not act as lead joint financiers.
Which entities can People's Credit Fund branches participate in joint financing with?
According to Article 4 of this Decision, People's Credit Fund branches may only participate in joint financing with Central People's Credit Funds.
When does this Decision take effect?
This Decision takes effect 15 days from the date of publication in the Official Gazette.
What conditions must credit institutions meet to participate in joint financing?
According to Article 4 of this Decision, credit institutions eligible to participate in joint financing are those that have been established and operate under the Law on Credit Institutions, including authorized branches.
To whom does this Decision apply?
This Decision applies to credit institutions, Central People's Credit Funds and branches, Branches of the State Bank of Vietnam in provinces/cities directly under the central government, Chairmen of the Board of Directors/General Directors of credit institutions, Directors of People's Credit Funds.
全文
Pursuant to …;
OF THE HEAD OF THE STATE BANK
Regarding the amendment and supplementation of the Joint Financing Regulation for credit institutions issued pursuant to Decision No. 286/2002/QĐ-NHNN dated April 3, 2002 of the Governor of the State Bank of Vietnam 3/4/2002 of the Governor of the State Bank of Vietnam
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam dated December 12, 1997; the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam dated June 17, 2003; the Law on Credit Institutions dated December 12, 1997;
Pursuant to Decree No. 86/2002/NĐ-CP dated 5/11/2002 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 Credit Department,
DECIDES:
Article 1. Amend and supplement certain provisions of the Joint Financing Regulation for credit institutions issued pursuant to Decision No. 286/2002/QĐ-NHNN dated April 3, 2002 of the Governor of the State Bank of Vietnam as follows:
1. Amend and supplement Clause 4 of Article 2 as follows:
"4. The lead organization for joint financing: is one of the member credit institutions selected and entrusted with the responsibility of organizing joint financing based on the capacity of that credit institution; Central People's Credit Fund or local People's Credit Fund may only act as the lead organization when these organizations pool their funds together for lending. Financial companies under holding companies shall not act as the lead organization for joint financing."
2. Amending and supplementing Clause 4 as follows:
"Article 4. Organizations eligible to participate in joint financing.
1. Organizations eligible to participate in joint financing are credit institutions established and operating in accordance with the Law on Credit Institutions and authorized branches; 2. Local People's Credit Funds may only lend pooled funds with Central People's Credit Funds. In addition to implementing the Joint Financing Regulation, Central People's Credit Funds and local People's Credit Funds must comply with the regulations of the Government and guidelines of the State Bank of Vietnam regarding the organization and operation of these entities."
Article 2. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Article 3. The Head of the Office, the Director of the Credit Department, Heads of units under the State Bank of Vietnam, Governors of the State Bank of Vietnam Branches in provinces and centrally administered cities, Chairmen of Management Boards, General Directors (Directors) of credit institutions, Chairmen of Management Boards, General Directors of Central People's Credit Funds and Directors of local People's Credit Funds are responsible for implementing this Decision./.
DEPUTY DIRECTOR
关系图
点击文件即可打开。红色边框＝改变效力的关系。
译本
本文件提供以下语言版本：