English
RSS
The new Circular includes 04 Articles, and 3 Appendices on amending, supplementing a number of points, clauses, and articles, and replacing a number of appendices of Circular No. 08/2022/TT-NHNN. In particulars:
For the value of collateral, the collateral conversion ratio is as follows: The valuable papers specified at Point a Clause 1 of this Article, TL shall be equal to the minimum ratio of the value of valuable papers and the loan amount secured by the pledge of valuable papers granted by the State Bank to the credit institution in accordance with regulations in each period; With regard to the types of collateral, the collateral conversion ratio shall be equal to 120% (in previous regulations: 170%).
Amend and supplement the cases where any type of collateral does not meet the requirements resulting in the total conversion value of eligible collateral being smaller than the outstanding principal of the special loan, the borrower shall be required that the total conversion value of eligible collateral shall not be smaller than the outstanding principal of the special loan within 10 working days.
Supplement the cases where the borrower has used up all the collateral, the borrower may use the following assets as collateral for the special loan, special loan extension, or special loans with outstanding debts:
- Mortgage of rights to claim credit extended by the borrower to its clients (except for credit institutions);
- Mortgage of property rights being interest receivable from the credit extended by the borrower to its clients (except for credit institutions).
Circular No. 13/2022/TT-NHNN takes effect on October 28, 2022.
