Procedure for Conducting Banking Operations and Interbank Settlements in Emergency Situations

Regulation of the Central Bank of the Republic of Uzbekistan, registered on 06.08.1999, registration number 799

Date of Entry into Force

06.08.1999

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25.09.2019

06.08.1999

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Document lost its legal force 25.09.2019

[ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.10.00 Interbank Operations and Operations with Legal and Physical Persons] [ TSZ: 1. Finance / Banks and other credit institutions. Credits]

Central Bank of the Republic of Uzbekistan Approved by the Board 24.07.1999 (Protocol No. 15/13) No. 448

Procedure for Conducting Banking Operations and Interbank Settlements in Emergency Situations

procedure

[Registered by the Ministry of Justice of the Republic of Uzbekistan on August 6, 1999, registration number 799]

This procedure has lost its legal force based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 22/3 dated September 14, 2019 "On Declaring the Procedure for Conducting Banking Operations and Interbank Settlements in Emergency Situations as Lost Its Legal Force" (registration number 799-1, 25.09.2019).

1. This Procedure was developed in accordance with the Civil Code of the Republic of Uzbekistan, the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Law "On Banks and Banking Activity", and other regulatory documents of the Central Bank of the Republic of Uzbekistan, and is intended to ensure the continuity of settlements throughout the economic territory of the republic during emergency situations.

2. In accordance with personal accounts and balance records obtained via software routes (PK AISKB, PK ASBT, AVRAXSYS, etc.), on the day emergency situations (ES) occur, a separate personal account is opened for each analytical account, and the balance as of that date is recorded manually.

3. A balance record is filled out for all responsible executors in accordance with the balances of the recorded personal accounts.

4. A summary sheet is maintained for each balance sheet account, reflecting the balance through manual recording of the relevant account. The comparison of personal account balances with the balances of the balance record and summary sheets is carried out by calculating the balances. The correctness of the balances entered in the summary sheets is certified by the signature of the responsible executor and the chief accountant or other employees authorized by them (the form of the summary sheet is provided in Appendix 1).

5. Personal accounts and summary sheets for the depreciation of fixed assets and risk calculation operations are maintained in an open format.

6. A manual initial balance sheet is drawn up based on the summary sheets (the balance sheet form is provided in Appendix 2). After verification, the balance sheet is signed by the employee who prepared it, the chief accountant, and the head of the bank branch.

7. Balance sheets are opened for personal accounts, summary sheets, and off-balance sheet accounts (accounts outside the balance sheet) in the same manner.

8. The acceptance of payment documents from customers is carried out after the requirements specified above are met.

9. Operations on customer accounts, budget, and internal bank accounts are carried out in compliance with the current legislation of the Republic of Uzbekistan and the regulatory documents of the Central Bank.

10. The following procedure is established for submitting payment documents to customers in emergency situations:

when the payer and payee are served by one branch of the bank, in 4 (four) copies, of which:

1st copy is submitted to daily documents after the operation is performed;

2nd-3rd copies are submitted to the representative (bank operator) accountant;

4th copy is returned to the customer as a notification of the completion of the operation.

when the payer and payee are served by different branches of the bank, in 5 (five) copies, of which:

1st copy is submitted to daily documents after the operation is performed;

2nd-3rd copies are submitted to the representative (bank operator) accountant;

4th copy is submitted to the accountant of the branch providing services to the representative account;

5th copy is returned to the customer as a notification of the completion of the operation.

11. If, at the time of executing the customer's order, there are no accounts for recording payments for wages, business trip expenses, funds for credit agreements, issued cash checkbooks, or accounts for recording settlement checks of physical persons, they are opened anew and then necessarily re-verified. Credit relations are renewed by concluding a new credit agreement, subject to subsequent clarification of previous relations. The same applies to securities, leasing, and factoring operations.

12. After the end of the operational day, each responsible executor, based on payment documents and daily cash books, indicates the date, number (3-digit) of the payment document, correspondent account number (20-digit), bank code, type of operation, and symbols of the cash plan (if operations exist) for each personal account, first issuing a summary for credit operations, and then in the same manner for debit operations, after which the balance for this personal account is recorded. After reflecting operations on all accounts, the original copies of documents are submitted to the responsible executor employee engaged in the accounting book and drawing up the daily balance. Similarly, balance records for responsible executors are drawn up indicating turnovers for debit and credit.

Turnovers for debit and credit are calculated separately for active personal accounts, written on the summary sheet, and entered into the balance of this balance sheet account. After that, the balances of all personal accounts of this balance sheet account are calculated and compared with the balance of the summary sheet and the balance record.

13. After receiving the original copies of payment documents, cash books obtained together with copies of the representative account from the subdivisions of the Central Bank, and the list of interbank documents from responsible executors, the employee engaged in drawing up the accounting journal selects these documents according to the sequence of debits of balance sheet accounts and begins writing down each debited sum into the balance sheet account. For example:

20200 - Balance Sheet Account

Correspondent Account Number

Sum

10101 VVV K SSSSSSSS NNN

5000

10301 VVV K SSSSSSSS NNN

2000

TOTAL:

7000

Writing for all accounts is carried out in the same sequence. Upon completion, a result is drawn up for all debit turnovers. Then, similar activity is carried out for all credit turnovers. The total of credit turnovers must match the total of debit turnovers. After the accounting journal is drawn up, this employee takes the summary sheets and compares the turnovers entered in the summary sheets by responsible executors with the data in the accounting journal. If this data matches, the employee signs the summary sheets, selects them separately by active and passive balances. After that, the balances are written down for drawing up the daily balance. The formalization of the balance is described above.

14. The formation, verification, and storage of daily documents are carried out in the established manner.

15. The employee of the commercial bank branch maintaining the representative account, after reflecting operations on debit and credit in this account in the manner specified above, draws up a list consisting of three copies of operations carried out on the credit of the representative account.

The drawn-up lists are signed by this employee and submitted in three copies, together with the original copies of documents, to the chief accountant of the commercial bank branch.

After the relevant verification, the chief accountant signs the list and the second copies of the payment documents, certifies them with the round seal of the branch, and submits the first copy of the list together with the second and third copies of the payment documents to the responsible courier employee of the commercial bank for delivery to the Department of Accounting, Reporting, and Execution of the State Budget Cash of the Regional Main Directorate of the Central Bank. The list of payment documents certified by the officials of the commercial bank and submitted to the Central Bank is considered as an order of the commercial bank for its execution through its representative account by the subdivisions of the Central Bank. The second copy of the list and the original copies of documents are submitted to the employee engaged in the accounting journal, drawing up the balance, and stitching daily documents. The last copy of the list is returned to the employee of the commercial bank branch maintaining the representative account for posting the lists on the credit of the representative account.

16. The responsible employee of the commercial bank branch receives a copy from the representative account, certified by the Head of the Payment System Sector of the Department of Accounting, Reporting, and Execution of the State Budget Cash of the Regional Main Directorate of the Central Bank and the responsible executor maintaining the representative account of the commercial bank, certified by the seal of the Regional Main Directorate of the Central Bank, as well as the lists and payment documents related to them, and submits them to the chief accountant of the commercial bank branch. The responsible courier employee of the commercial bank branch is responsible for the completeness of these documents during their delivery from commercial bank branches to the Regional Main Directorates of the Central Bank and during their delivery to and retrieval from the Department of Accounting, Reporting, and Execution of the State Budget Cash.

17. After personally receiving the copy and its attachments from the representative account from the responsible employee, the chief accountant of the commercial bank branch checks them and, after verification, submits them in the established manner to the employee maintaining the representative account of the bank branch to perform the operation of transferring funds.

18. After the emergency situations end, banks carry out the following to transition uniformly to the usual work routine:

1. For all accounts worked on during the emergency situations, debit and credit turnovers are calculated separately for each personal account and totaled. To check reliability, the balance according to the initial balance sheet on the day the emergency situations began and the balances on the day the emergency situations ended are placed. For example:

"Gulbahor" LLC Deposit Account

Balance on the day the emergency situations began — 20,000 Turnovers for three days: Debit — 150,000 Credit — 160,000 Balance on the day the emergency situations ended — 30,000

2. Comparative data for each personal account are entered into software complexes (AISKB, ASBT, AVRAXSYS, etc.), and after the "Bank Operational Day" resolution, the personal account, balance record, turnover record, and balance are obtained, which are compared with the balances of personal accounts and balance sheets filled out manually on the day the emergency situations ended. Only after that is customer service resumed.

19. Within two months from the day of transition to a uniform work routine, the head banks organize the verification of the correctness of banking operations conducted in their subordinate branches on the days when emergency situations occurred, drawing up an inspection act. The results of the inspection are considered at the meeting of the Bank Board.

20. This work procedure is applied on the basis of a special order of the Chairman of the Central Bank of the Republic of Uzbekistan for each individual case.

Deputy Chairman M. JUMAGALDIEV

APPENDIX 1

SUMMARY INFORMATION

---

(year, month)

Balance Sheet Account No. ________________________ Balance ___________________________________

Dates of the Month

Turnovers

Balance

Signature for Verification dt kt active passive journal control

Total:

APPENDIX 2

Bank Code

Date Prepared

Unit

Sum/Tiyin

_______________________ Branch of _________________________ Bank (name of bank branch)

BALANCE SHEET

---

(day, month, year)

Balance Sheet Account

Date

CLOSING BALANCE

Date

Turnovers

Date

CLOSING BALANCE

DEBIT

CREDIT

DEBIT

CREDIT

DEBIT

CREDIT

1. ASSETS

10100

Cash in hand and other payment documents

10101

10103

10105

10107

10111

Total:

10300

Accounts of the Bank at the Central Bank of the Republic of Uzbekistan (CB)

10301

10305

10309

10397

Total:

10500

Accounts of the Bank at other banks

10501

10505

10597

Total:

10700

Securities for sale

10701

10705

10709

10711

10715

10719

10797

10799

Total:

10900

Precious metals, stones, and coins intended for sale

10901

10905

10909

10999

Total:

11100

Purchased receivables — Factoring

11101

11103

11105

11195

11199

Total:

11300

Purchased bills of exchange

11301

11305

11309

11311

11315

11319

11395

11399

Total:

11500

Obligations on trahs guaranteed by customers' letters of credit and/or trust documents

11501

11505

11509

11511

11515

11519

11521

11599

Total:

11700

Customer obligations on the Bank's unpaid acceptances

11701

11705

Total:

11900

Short-term credits granted to the Central Bank

11901

Total:

12100

Short-term credits granted to other banks

12101

12105

12109

12199

Total:

12300

Short-term credits granted to the Government

12301

12305

12309

12399

Total

12500

Short-term credits granted to physical persons

12051

12505

12509

12599

Total:

12600

Short-term credits granted to individual entrepreneurs

12601

12605

12609

12699

Total:

12700

Short-term loans granted to state enterprises and organizations

12701

12705

12709

10105

12799

Total:

12900

Short-term loans granted to joint ventures

12901

12905

12909

12999

Total:

13100

Short-term credits granted to private enterprises, economic societies, and companies

13101

13105

13109

13199

Total:

13300

Short-term credits granted to non-bank financial institutions

13301

13305

13399

Total:

13500

Medium-term credits granted to the Government

13501

13505

13599

Total:

13700

Medium-term credits granted to physical persons

13701

13705

13799

Total:

13800

Medium-term credits granted to individual entrepreneurs

13801

13805

13899

Total:

13900

Medium-term credits granted to state enterprises and organizations

13901

13905

13999

Total:

14100

Medium-term credits granted to joint ventures

14101

14105

14199

Total:

14300

Long-term credits granted for the production of agricultural products purchased for state needs

14301

14305

14399

Total:

14500

Long-term credits granted to other banks

14501

14505

14599

Total:

14700

Long-term credits granted to the Government

14701

14705

14799

Total:

14900

Long-term credits granted to budgetary institutions

14901

14905

14999

Total

15000

Long-term credits granted to individual entrepreneurs

15001

15005

15099

Total:

15100

Long-term credits granted to state enterprises, organizations, and institutions

15101

15105

15199

Total:

15300

Long-term credits granted to enterprises with foreign capital

15301

15305

15399

Total:

15500

Long-term credits granted to private enterprises, economic societies, and companies

15501

15505

15599

Total:

15700

Credits and leasing in court proceedings

15701

15799

Total:

15900

Investments in debt securities held until maturity

15901

15905

15909

15911

15913

15919

15921

15923

15997

15999

Total:

16100

Funds receivable from head banks/branches

16101

16105

16109

Total:

16300

Accrued interest on assets

16301

16305

16309

16311

16315

16319

16321

16397

16399

Total:

16500

Fixed assets

16501

16505

16509

16511

16515

16519

16521

16525

16529

16531

16535

16539

16541

16545

16549

16551

Total:

16700

Other private property of the Bank

16701

16705

16799

Total:

16900

Unrealized profit from revaluation of derivative instruments

16901

16905

16909

Total:

17100

Currency trading and currency positions

17101

17105

Total

17300

Transit accounts

17301

17305

Total

17500

Government accounts

17509

17515

Total

19900

Other assets

19901

19903

19905

19908

19909

19911

19919

19921

19923

19925

19929

19931

19935

19939

19941

19945

19949

19991

19995

19997

19999

Total

TOTAL BY SECTION

2. LIABILITIES

20200

Demand deposits

20202

20204

20206

20208

20210

20212

20214

20216

20218

20296

Total

20400

Savings deposits

20402

20404

20406

20408

20410

20412

20414

20416

20418

20496

Total

20600

Time deposits

20602

20604

20606

20608

20610

20612

20614

20616

20618

20696

Total

20800

Accounts of the Central Bank of the Republic of Uzbekistan

20802

20806

20896

Total

21000

Accounts of other banks

21002

21006

21010

Total

21200

Management (manager) checks

21202

Total

21400

Unpaid acceptances of the Bank

21402

21406

Total

21600

Obtained short-term credits

21602

21606

21610

21612

21614

21616

21620

21696

Total

21800

Obtained medium-term credits

21802

21806

21810

21812

21814

21816

21822

21896

Total

22000

Obtained long-term credits

22002

22006

22010

22012

22014

22016

22022

22096

Total

22200

Funds payable to head banks/branches

22202

22206

22210

Total

22400

Accrued interest to be paid

22402

22406

22410

22412

22414

22416

22422

22496

Total

22600

Other customer deposits

22602

22606

22608

22610

22612

22696

Total

22800

Unrealized losses from revaluation of derivative instruments and other deferred income

22802

22806

22810

22812

22816

22896

Total

23200

Clearing transactions

23202

23204

23206

23208

23210

Total

23400

Accounts for income and other receipts belonging to the Government

23402

23404

23406

23410

23416

23422

23424

23426

23430

23432

Total

23600

Securities issued by the Bank

23602

23604

23606

23608

23610

23696

23698

Total

29800

Other liabilities

29801

29802

29803

29804

29806

29810

29812

29816

29822

29826

29830

29840

29842

29846

29896

Total

TOTAL BY SECTION

3. CAPITAL

30300

Charter capital

30303

30306

30309

30312

30315

30318

30321

30324

Total

30600

Additional capital

30603

Total

30900

Reserve capital

30903

30905

30906

Total

31200

Undistributed profit

31203

31206

Total

31500

Additional value upon revaluation relative to initial value

31501

Total

TOTAL BY SECTION

4. INCOME

40200

Interest income on accounts at the CB

40201

40205

Total

40400

Accounts at other banks

40401

40405

40409

Total

40600

Interest income on securities for sale

40601

40605

40609

40613

40617

40621

40694

Total

40800

Interest income on purchased bills of exchange

40801

40805

40809

40813

40817

40821

Total

41000

Accrued interest on customer obligations

41001

41005

41009

41013

41017

41021

41025

Total

41200

Interest income on customer obligations on the Bank's unpaid acceptances

41201

41205

Total

41400

Interest income on short-term credits granted to the CB

41401

Total

41600

Interest income on short-term credits granted to other banks

41601

41605

41609

Total

41800

Interest income on short-term credits granted to the Government

41801

41805

41809

Total

42000

Interest income on short-term credits granted to physical persons

42001

42005

42009

Total

42200

Interest income on short-term credits granted to state enterprises, organizations, and institutions

42201

42205

42209

Total

42400

Interest income on short-term credits granted to enterprises with foreign capital

42401

42405

42409

Total

42600

Interest income on short-term credits granted to private enterprises, economic societies, and companies

42601

42605

42609

Total

42800

Interest income on medium-term credits granted to other banks

42801

42805

Total

43000

Interest income on medium-term credits granted to the Government

43001

43005

Total

43200

Interest income on medium-term credits granted to physical persons

43201

43205

Total

43300

Interest income on medium-term credits granted to individual entrepreneurs

43301

43305

Total

43400

Interest income on medium-term credits granted to state enterprises and organizations

43401

43405

Total

43600

Interest income on medium-term loans granted to joint ventures

43601

43605

Total

43800

Interest income on medium-term credits granted to private enterprises, societies, and corporations

43801

43805

Total

44100

Interest income on long-term credits granted to individual entrepreneurs

44101

44105

Total

44200

Interest income on long-term credits granted to the Government

44201

44205

Total

44300

Interest income on long-term credits granted to physical persons

44301

44305

Total

44400

Interest income on long-term credits granted to state enterprises, organizations, and institutions

44401

44405

Total

44500

Interest income on long-term credits granted to enterprises with foreign capital

44501

44505

Total

44600

Interest income on long-term credits granted to private enterprises, economic societies, and companies

44601

44605

Total

44700

Interest income on credits in court proceedings

44701

Total

44800

Interest income on investments in debt securities held until maturity

44801

44805

44809

44813

44815

44817

Total

44900

Other interest income

Total

45200

Non-interest income

45201

45202

45209

45213

45217

45221

45221

45229

45233

45237

45241

45241

45245

45249

45253

45257

45261

45294

Total

45400

Profit in foreign currency

45401

45405

45409

Total

45600

Profit from commercial operations

45601

45605

Total

45800

Profit and dividends from investments

45801

45805

45809

Total

45900

Other non-interest income

45901

45905

45909

45913

45917

45921

45994

Total

TOTAL BY SECTION

5. EXPENSES

50100

Interest expenses on demand deposits

50101

50104

50106

50108

50111

50114

50116

50118

50121

50126

Total

50600

Interest expenses on savings deposits

50601

50604

50606

50608

50611

50614

50616

50618

50621

50626

Total

51100

Interest expenses on time deposits

51101

51104

51106

51108

51111

51114

51116

51118

51121

51126

Total

51600

Interest expenses on MB accounts

51601

51606

51611

Total

52100

Interest expenses on accounts of other banks

52101

52106

52111

Total

52600

Interest expenses on unpaid acceptances of the bank

52601

52606

Total

53100

Interest expenses on short-term loans

53101

53106

53111

53116

53118

53121

53126

53195

Total

53600

Interest expenses on medium-term loans

53601

53606

53611

53616

53618

53621

53626

53695

Total

54100

Interest expenses on long-term loans

54101

54106

54111

54116

54118

54121

54126

54195

Total

54900

Interest expenses on issued securities

54902

Total

55100

Non-interest expenses

55102

55106

55110

55114

55122

55124

55126

55130

55134

55138

55142

55146

55150

55154

55158

55162

55195

Total

55300

Losses incurred in foreign currencies

55302

55306

Total

55600

Losses incurred from commercial operations

55602

55606

Total

55800

Losses incurred from investments

55802

55806

Total

55900

Other non-interest expenses

55902

55906

55910

55995

Total

56100

Salaries of bank employees and other expenses for them

56102

56106

56110

55114

56118

56122

56195

Total

56200

Rent and maintenance expenses

56202

56206

56210

56214

56218

Total

56300

Business trip and transport expenses

56302

56306

56310

56314

Total

56400

Administrative expenses

56402

56406

56410

56414

56418

Total

56500

Representation and charity

56502

56506

56510

Total

56600

Depreciation expenses

56602

56606

56610

56614

56618

56622

56626

Total

56700

Insurance, taxes and other expenses

56702

56706

56710

56714

56718

56722

56795

Total

56800

Assessment of possible losses

56802

56806

56810

56814

56818

56822

56826

56830

56895

Total

56900

Assessment of profit tax

56902

Total

By section

TOTAL