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THE
STATE BANK
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No.
23-QD/NH14
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Hanoi,
February 21, 1994
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DECISION
ON GUARANTEES AND CROSS GUARANTEES FOR FOREIGN LOANS
THE GOVERNOR OF THE STATE BANK
Pursuant to the Ordinance on
the State Bank dated 24 May 1990;
Pursuant to Decree 15-CP of the Government dated 2 March 1993 on the duties,
powers, and State administrative responsibility of ministries and ministerial
equivalent bodies;
Pursuant to Decree 58-CP of the Government dated 30 August 1993 issuing the
Regulations on Control of Foreign Loans and Loan Repayments;
On the recommendation of the Director of the Credit Department of the State
Bank;
DECIDES:
Article 1
To issue
with this Decision the Regulations on Guarantees and Cross-Guarantees for
Foreign Loans.
Article 2
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Article 3
Heads of
offices, the Director of the Credit Department, the Director of the Foreign
Exchange Control Department, the Director of the Economic Research Department,
the Director of the Finance and Accounting Department, the Director of the
Finance Planning Department, the Chief Inspector, the Director of the General
Control Department, and the Director of the Transaction Department of the State
Bank, heads of relevant bodies of the central State Bank, directors of
provincial and municipal branches of the State Bank; and the general directors
(or directors) of commercial banks, and the Investment and Development Bank
shall be responsible for the implementation of this Decree.
FOR
THE GOVERNOR OF THE STATE BANK
Cao Sy Kiem
REGULATIONS
ON GUARANTEES AND CROSS-GUARANTEES FOR FOREIGN LOANS
(Issued with Decision 23-QD-NH14 of the Governor of the State Bank dated 21
February, 1994.)
Chapter I
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Article 1
A
guarantee given in respect of a foreign loan is an undertaking of the guarantor
bank to repay fully and on time the debt owed by the borrower to the lender.
Where the borrower fails to repay or repay in full the due debt, the guarantor
bank shall be responsible for the full payment of the debt on behalf of the
borrower.
Article 2
A
cross-guarantee given in respect of a foreign loan is an undertaking of the
cross-guarantor bank to meet the obligations of the guarantor bank. Where the
guarantor bank fails to perform its obligations, the cross-guarantor bank shall
be responsible for the full repayment of the debt on behalf of the guarantor
bank.
Article 3
Guarantor
and cross-guarantor banks in respect of foreign loans include the State Bank
and banks authorized to carry out international transactions (including State
commercial banks, share holding commercial banks, joint venture banks, branches
of foreign banks, and the Investment and Development Bank).
Article 4
Entities
receiving guarantees and entities giving guarantees.
4.1. Entities receiving
guarantees:
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4.1.2. Banks authorized to carry
out international transactions which have entered into a loan agreement with a
foreign lender.
4.2. Entities giving guarantees:
4.2.1. Banks authorized to carry
out international transactions (hereinafter referred to as banks) shall be
permitted to give guarantees to enterprises or to other banks;
4.2.2. The State Bank shall be
permitted to give guarantees to banks and a number of enterprises determined by
the Government;
4.2.3. Banks may give a joint
guarantee in respect of a single loan.
Article 5
Entities
receiving cross-guarantees and entities giving cross guarantees.
5.1. Entities receiving
cross-guarantees are banks.
5.2. The State Bank shall give
cross-guarantees to banks and banks may give cross-guarantees to other banks.
Banks may give a joint cross-guarantee in respect of a single guarantee.
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Article 6
A
guarantee or a cross-guarantee shall be given in respect of loans on a case by
case basis.
Article 7
The
duration of a guarantee or cross-guarantee shall be determined on the basis of
the duration of the loan agreed between the borrower and the foreign lender.
Article 8
A customer
who receives a guarantee or cross-guarantee must pay to the guarantor or
cross-guarantor bank a fee not exceeding one per cent of the amount guaranteed,
or half of one (0.5) per cent of the amount cross-guaranteed calculated on the
basis of the balance amount at the time when the guarantee or cross-guarantee
is given.
The specific fee level and the time
of payment shall be determined by the guarantor or cross-guarantor bank.
Article 9
Forms of
guarantees and cross-guarantees.
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The guarantor opens a letter of
credit for purchases of goods with deferred payments;
The guarantor signs a bill of
exchange accepting the loan obtained from a foreign lender (except in cases
where the guarantor is the State Bank);
The guarantor issues a letter of
guarantee;
The guarantor issues a
promissory note to the foreign lender (or confirms the promissory note of a
customer in cases where the guarantor is the State Bank).
9.2. Cross-guarantees shall be
given by way of issuance of letters of guarantee.
Chapter II
GUARANTEES AND
CROSS-GUARANTEES OF BANKS
Article 10
Banks
shall, on the basis of their authorized working capital, estimate the amount of
capital able to be paid in foreign currency into a guarantee reserve and a
cross-guarantee reserve (hereinafter referred to as a guarantee reserve) in
accordance with the guidelines determined by the central State Bank. The total
sum guaranteed or cross-guaranteed shall be determined on the basis of the
balance of the guarantee reserve (estimated) and the repayment risk of the loan
guaranteed or cross-guaranteed but shall be less than twenty (20) times the
balance of the guarantee reserve (that is, the repayment risk of the loan
guaranteed or cross-guaranteed must be less than five per cent).
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In order to distribute the potential
risks, the sum guaranteed or cross-guaranteed for each customer or for every
ten customers shall not exceed ten (10) per cent or thirty (30) per cent
respectively of the estimated total sum guaranteed or cross-guaranteed by the
guarantor or cross-guarantor bank.
Article 11
Conditions
of a guarantee or cross-guarantee.
11.1. Any customer who requests
a guarantee or cross-guarantee must satisfy the following conditions:
11.1.1. Where the customer is an
enterprise stipulated in sub-clause 4.1.1 of these Regulations:
The enterprise must have full
legal status and operate in accordance with the laws of Vietnam currently in
force;
The lender must require a
guarantee in respect of the loan;
The enterprise must comply with
the Regulations on Control of Foreign Loans and Loan Repayments issued by the
Government and the loan concerned must be consistent with the approved plan of
the Government outlining the total level of foreign loans;
There must be a loan contract in
respect of the foreign loan;
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The investment project concerned
must have a technical economic feasibility study approved by a competent body;
The enterprise must have a
feasible plan for the utilization and repayment of the loan capital obtained
from foreign lenders;
The enterprise must not have any
unpaid due debts (in Vietnamese dong or foreign currencies) owing to Vietnamese
or foreign entities (except where the due debt was obtained prior to 1990 and
its repayment is allowed to be deferred); the enterprise must not have any
outstanding tax liabilities payable to the State;
The enterprise must have
sufficient assets to be given as lawful security for the guarantee;
The enterprise must complete an
application for guarantee (in accordance with the attached model form No.1/BL).
11.1.2. Where the customer is a
bank:
The business operation of the
bank must make profits and the bank must have a good credit rating;
The bank must not have any
unpaid due debts owing to the State Bank or other banks (except where the debt
due was obtained prior to 1990 and its repayment is allowed to be deferred);
The loan concerned must be
consistent with the approved plan of the Government outlining the total level
of foreign loans;
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The lender must require a
guarantee in respect of the loan;
The bank must have sufficient
assets to be given as security where required by the guarantor;
The bank must complete an
application for guarantee (in accordance with the attached model form No.2/BL).
11.2. Any bank which requires a
cross-guarantee must satisfy the following conditions:
The business operation of the
bank must make profits and the bank must have a good credit rating;
The bank must not have any
unpaid due debts owing to the State Bank or other banks (except where the due
debt was obtained prior to 1990 and its repayment is allowed to be deferred);
The bank must have sufficient assets
to be given as security where required by the cross-guarantor;
The bank must have full
documentation and files of customers requesting guarantees and documents
approving such guarantees issued by the guarantor bank;
The bank must complete an application
for cross-guarantee (in accordance with the attached model form No.3/BL).
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Assets
offered as security for guarantees and cross-guarantees may comprise real
estate property such as buildings, property such as gold and precious stones,
and other papers of value such as bonds and Government bonds. Assets offered as
security must satisfy the following conditions:
In respect of real estate
property: proper certificate of ownership (original copy), proper documentation
notarized by a State notary public, and the property concerned must be easily
assigned;
In respect of bonds and
Government bonds: the bond certificate must contain all the relevant items
required by law, the bond must not have matured, the entity issuing the bond
must be an organization of high reputation, the bond must be easily
transferable, and the customer requesting the guarantee or cross-guarantee must
be lawfully entitled to the interest earned in respect of the bond;
In respect of gold and precious
stones: the gold or precious stones must be inspected by the guarantor or
cross-guarantor bank, and must be wrapped and sealed by the customer in the
presence of the guarantor or cross-guarantor bank prior to being transferred to
the guarantor or cross-guarantor bank.
In the case of State owned
enterprises in particular, any asset offered as security must have the written
approval of the owner (or the representative of the owner) which is the
financial institution.
Article 13
A
customer who requests a guarantee or cross-guarantee must send to the guarantor
or cross-guarantor bank the following documents:
13.1. For guarantees:
13.1.1. Where the customer is an
enterprise:
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The foreign loan contract;
The feasibility study for the
investment project as approved by a competent body;
The feasibility plan outlining
the utilization and repayment of capital obtained from foreign lenders;
Any import license;
An application to open a letter
of credit (in respect of commercial loans);
A list of assets offered as security.
13.1.2. Where the customer is a
bank:
An application for guarantee;
The foreign loan contract;
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A list of assets offered as
security (upon the request of the guarantor bank).
13.2. For cross-guarantees:
An application for
cross-guarantee;
A copy of the whole application
file for a guarantee of the customer and the documents approving the guarantee
issued by the guarantor bank;
A list of assets offered as
security (upon the request of the cross-guarantor bank).
Article 14
Within a
period of twenty (20) days in the case of a guarantee and ten (10) days in the
case of a cross-guarantee from the date of receipt of the application file, the
guarantor or cross-guarantor bank must notify the customer of its decision to
accept or refuse the application for guarantee or cross-guarantee.
Article 15
The power
to accept a guarantee or cross-guarantee.
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The person delegated with the
authority must not delegate this authority to any Other person(s).
Article 16
When the
bank has given the guarantee or cross-guarantee, the customer concerned must
carry out the formalities of delivering to the guarantor or cross- guarantor
bank the assets (or relevant papers) used as security. Upon receipt of the
assets or the documentation relating to the assets, the guarantor or
cross-guarantor bank shall complete the formalities relating to giving
guarantees and cross-guarantees.
Article 17
The
guarantor or cross-guarantor bank shall be responsible for the maintenance and
preservation of the assets transferred as security.
Where the assets are lost or
damaged, the guarantor or cross-guarantor bank shall be responsible before the
law and for payment of compensation for material damage.
One month prior to the due date
of the loan, the guarantor or cross-guarantor bank must remind and prompt the
customer to ensure that the loan is repaid on time.
Article 18
For the
duration of the guarantee or cross-guarantee, the customer shall be responsible
for the maintenance and preservation of any secured asset which the customer is
permitted to continue using or to manage; and where the asset is lost or
damaged, the customer shall be fully responsible. In the event that the secured
asset is a bond or Government bond which matures prior to the expiry date of
the guarantee or cross-guarantee, the customer concerned must replace that
asset with another equivalent asset, Where the customer has no such
replacement, the customer shall be liable for a fine of one per cent of the
value of the required asset. The customer shall be subject to inspections and
supervision by the guarantor or cross-guarantor in respect of all of its
activities relating to the guaranteed or cross-guaranteed loan capital and
shall be responsible for the provision of all documents necessary for such
inspections or supervision.
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When the
loan is due the customer shall be responsible for full payment of the principal
and any interest thereon to the lender.
19.1. When the customer has
fully paid off the foreign loan (principal and interest), the guarantor or
cross-guarantor bank must return all assets (or documentation relating to the
assets) retained as security to the customer.
19.2. Where the customer fails to
repay a part or the whole of the loan when it is due, the guarantor bank shall
pay the outstanding amount to the lender on behalf of the customer and the
customer at such time shall enter into a loan agreement with the guarantor bank
for that amount with an interest rate calculated by reference to the interest
rates of equivalent loans offered by the guarantor bank. The guarantor bank
shall then be permitted to sell the secured assets of the customer to recover
the amount paid by the bank on behalf of the customer in accordance with the
provisions of the law.
19.3. For cross-guarantees:
where the guarantor bank fails to repay a part or the whole of the loan for the
customer, the cross-guarantor bank shall pay the outstanding amount on behalf
of the guarantor bank; the guarantor bank must then enter into a loan agreement
with the cross-guarantor bank for the amount paid with an interest rate
calculated by reference to the interest rates of equivalent loans offered by
the cross-guarantor bank The cross-guarantor bank shall then be permitted to
sell the secured assets to recover the amount paid in accordance with the
provisions of the law.
Chapter III
GUARANTEES AND
CROSS-GUARANTEES OF THE STATE BANK
Article 20
On the
basis of the annual monetary policy and the demand for guarantees and
cross-guarantees, the Governor of the State Bank shall stipulate the total sums
guaranteed and cross-guaranteed by the State Bank.
Article 21
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21.1. Conditions of guarantees:
1. The business operation of the
bank must make profits and the bank must have a good reputation and credit
rating; the bank must comply with all the provisions of the State Bank;
2. The bank must not have any
due debts owing to the State Bank or other member banks of the Interbank
Market;
3. There must be a feasibility
plan outlining the utilization and repayment of the loan obtained from foreign
lenders;
4. The foreign lender must
request a guarantee;
5. There must be a foreign loan
contract and the loan must be consistent with the approved plan of the
Government outlining the total level of foreign loans;
6. The bank must possess
documents of value (hereinafter referred to as documents) to be used as
security for the guarantee. In particular,
branches of foreign banks
operating in Vietnam must also possess the recommendations of their respective
parent banks in respect of the guarantee;
7. The bank must complete an
application for guarantee in respect of the foreign loan (in accordance with
the attached model form No.2/BL).
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1. The bank must satisfy
conditions 1, 2, and 6 of sub-clause 21.1 of this article.
2. The bank must provide the
full application file for guarantee of the customer and the approval document
of the guarantor bank;
3. The lender must request a
cross-guarantee;
4. An application for
cross-guarantee must be prepared (in accordance with model form No.3/BL) and
submitted.
Article 22
The value
of the guarantee or cross-guarantee given by the State Bank for each loan shall
depend on the amount in respect of which a guarantee or cross-guarantee is
sought and the value of the documents retained by the State Bank as security.
Article 23
Documents
retained as security for a guarantee or cross-guarantee shall be documents of
value such as bonds, Government bonds, or loan contracts, and must satisfy the
following criteria:
In respect of bonds and Government
bonds: the bond certificate must contain all the relevant items required by
law, the bond must not have matured, the entity issuing the bond must be an
organization of high reputation, the bond must be easily transferable, and the
bank requesting the guarantee or cross-guarantee must be lawfully entitled to
the interest earned on the bond;
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Article 24
Any bank
which requires a guarantee or cross-guarantee must submit to the State Bank the
following documents:
24.1. For guarantees:
An application for guarantee of
a foreign loan;
The foreign loan contract;
A feasibility plan outlining the
utilization and repayment of the foreign loan;
A list of documents offered as
security.
24.2. For cross-guarantees:
An application for
cross-guarantee of a foreign loan;
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A list of documents offered as
security.
Article 25
The State
Bank shall provide guarantees and cross-guarantees at its central branch or
shall, by way of written documents, authorize its provincial or municipal
branches.
Article 26
The use
of documents as security for guarantees and cross-guarantees shall be carried
out as follows:
26.1. Prior registration of
documents used as security.
Documents used as security shall
be registered at the Transaction Department of the State Bank, or at branches
of the State Bank in the province or city in which the bank or branch of the
bank has its account.
The Transaction Department of
the State Bank and the provincial or municipal branches of the State Bank shall
be responsible for the inspection of documents used as security. The list of
documents used as security (prepared in accordance with the attached model
form) shall be entered into the database of the central computer network TTR of
the branches of the Stale Bank and shall be electronically transmitted to the
Credit Department.
26.2. When a bank requires a
guarantee or cross-guarantee, it shall prepare a list of documents to be used
as security which have already been approved by the State Bank. The bank
concerned must then retain the list prepared in its computer files, and submit
a copy of the list and the application for guarantee or cross-guarantee to the
State Bank,
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The Transaction Department of
the State Bank and branches of the State Bank shall be responsible for the
storage and preservation of any retained secured document. Where the secured
documents are lost or damaged, the Transaction Department and the relevant
branch of the State Bank shall be responsible before the law and liable for any
material damage.
Where a secured document ceases
to be valid during the term of the guarantee or cross-guarantee, the bank
concerned must replace the invalid document with another document of equivalent
value which is still valid. Where the bank concerned fails to provide such
replacement, that bank shall be liable for a fine of one per cent of the value
of the required document.
Article 27
The
Governor of the State Bank shall delegate to the Director of the Credit
Department or the director of a provincial or municipal branch of the State
Bank the duty of assessing application files for guarantee or cross-guarantee
of banks prior to submission to the Governor for consideration and approval.
The Governor of the State Bank shall then, depending on each specific case,
authorize the Director of the Credit Department or the director of the
provincial of municipal bank to sign documents relating to the guarantee or
cross-guarantee given by the State Bank.
Article 28
28.1.
When the debt is due, the bank concerned must repay to the lender the amount
owed (including the principal and any interest thereon):
Where the bank concerned repays
fully the amount owed (both the principal and interest), the Transaction
Department or the branch of the State Bank in the locality in which the secured
documents are retained must return all the secured documents to the bank in
accordance with the notice issued by the Credit Department or the authorized
branch of the State Bank
Where the bank concerned fails
to repay a part or the whole of the due debt, the State Bank shall repay the
amount outstanding on its behalf and, at the same time, enter into a loan
agreement with the bank for the amount paid with an interest rate equal to one
hundred and fifty (150) per cent of the interest rate of the foreign loan.
28.2. For cross-guarantees:
where the guarantor bank fails to repay on behalf of the customer a part or the
whole of the loan, the State Bank shall pay on its behalf the amount
outstanding and, at the same time, enter into a loan agreement with the
guarantor bank for the amount paid with an interest rate equal to one hundred
and fifty (150) per cent of the interest rate of the foreign loan obtained by
the customer. The guarantor bank must carry out all the formalities stipulated
in clause 19.2 of article 19 in respect of its customer.
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28.4. When a bank receives a due
debt, it must direct the money received towards repayment of its own debt. The
State Bank shall automatically deduct any amount which is deposited in the
account of the debtor bank in order to recover the debt due and shall not
provide any further guarantee or cross-guarantee until the whole amount of the
due debt has been paid by the bank concerned.
Article 29
During
the term of the guarantee or cross-guarantee, the State Bank shall inspect and
supervise the operation and financial management of the bank receiving the
guarantee or cross-guarantee, and shall request the provision of any necessary
information relating to a clause of the guarantee or cross-guarantee agreement.
Chapter IV
IMPLEMENTING PROVISION
Article 30
The
general directors of commercial banks, and the Investment and Development Bank
shall be responsible for providing guidance on the implementation of these
Regulations within their respective banking systems.
FORM NO.1/BL
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APPLICATION FOR GUARANTEE OF FOREIGN LOAN
(Applicable
to enterprises)
To:
...............,..(1)...................
Name of enterprise (borrower):
..............................
Address:
............................
Full name of
director:...................................
Bank account no. for deposits in
Vietnamese currency:
...................... Bank:
........................................
Bank account no. for loans in
foreign currency:
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Bank account no. for deposits in
Vietnamese currency:
...................... Bank:
.......................................
Bank account no. for loans in
foreign currency:
...................... Bank:
........................................
Hereby requests that
..........(1)................... gives a guarantee for a loan obtained from
.......(3)......., Address: ..................... Country: .............
Bank account no.
...................... Bank: .......................
In accordance with loan contract
no. .......... dated ...../....../.....for an amount of
.............................
..........(in words ...........................)
Total sum guaranteed:
...................(in words ...............)
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Guarantee
fee:..............................
Purpose of the loan:
.......................
Total value of assets offered
as security: .............
Attached documents include:
........................
We hereby undertake to comply
with all provisions of the Regulations on Guarantees and Cross-Guarantees of
Foreign Loans issued with Decision No.../QD-NH14 dated ../...../1993 of the
Governor of the State Bank
(Full
name)
Recommendation of ...........(2).....................................
Dated:
.../...../....
Director of ................
(signature and seal)
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If the enterprise is declared
bankrupt, ..........(2),...... hereby agrees to deal with the assets managed by
the enterprise in accordance with the provisions of article 38 of the Law on
Business Bankruptcy.
Dated
..../..../...
..(2)..........
(signature and seal)
(Full name)
APPROVAL
OF APPLlCATION FOR GUARANTEE
...........(1)................ hereby
agrees to give a guarantee to enterprise ..................... for a loan
obtained from ........(3).......... as follows:
Sum guaranteed:
.................................... (in words):
...................................
Duration of the guarantee:....
months (from ..... to ....)
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Dated
.../..../....
Guarantor bank
General Director (or director)
(signature and seal)
(Full name)
Note: (1) Name of guarantor bank
(2)Name of financial body
(ministry or office) - applicable for State enterprises.
(3)Name of lender.
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
----------
APPLICATION FOR GUARANTEE OF FOREIGN LOAN
(Applicable to banks)
TO:
..............(1)......................
Name of bank (borrower):
..................................
Address:.......................................
Full name of general director
(or director): .......
Bank account no. for deposits in
Vietnamese currency:
..................... Bank:
...................................
Bank account no. for deposits in
foreign currency:
...
...
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Bank account no. for loans in
Vietnamese currency:
.................. Bank:
.....................................
Bank account no. for loans in
foreign currency:
................... Bank:
....................................
Hereby requests that
..........(1)................. gives a guarantee for a loan obtained from .........(2)..........
Address: .................. Country: ..........
Bank account no.
................... Bank: ....................................... in accordance
with loan contract no............ dated ..../..../... for an amount of
...................................... (in words
......................................)
Total sum guaranteed:
..................... (in words ........................)
Duration of guarantee: ......
months (from ............ to ......)
Guarantee fee:
................................
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Total value of assets (or
documents) offered as security:
Attached documents include:
.....................
We hereby undertake to comply with
all provisions of the Regulations on Guarantees and Cross-Guarantees of Foreign
Loans issued with Decision No..../QD-NH14 dated ..../..../1993 of the Governor
of the State Bank
Dated:
.../...../....
General director (or director)
(signature and seal)
(Full name)
APPROVAL
OF APPLlCATION FOR GUARANTEE
................(1)................
hereby agrees to give a guarantee to bank ....................... for a loan
obtained from ...........(2).............. as follows:
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Duration of the guarantee:....
months (from ...... to ..... )
Guarantee fee:
........................................
Dated
../...../...
Guarantor bank
General Director (or director)
(signature and seal)
.............................
(Full name)
Note: (1) - Name of guarantor
bank
(2) - Name of foreign lender
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
----------
APPLICATION FOR CROSS-GUARANTEE OF FOREIGN LOAN
(Applicable for banks applying for a cross-guarantee)
To:
..................(1)...................
Name of bank (applicant):
.........................
Address:
....................................
Full name of general director
(or director): .......
Bank account no. for deposits in
Vietnamese currency:
........................ Bank:
.....................................
Bank account no. for deposits in
foreign currency:
...
...
...
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Bank account no. for loans in
Vietnamese currency:
....................... Bank:
...................................
Bank account no. for loans in
foreign currency:
....................... Bank:
....................................
Hereby requests that
..........(1)................ gives a cross-guarantee to enable us to give a
guarantee for ........................... for a loan obtained from
................................... Address: ......................
Country: ................. Bank
account no.............. Bank:
........................ in
accordance with loan contract no. ............ dated ...../.../.... for an
amount of
........................... (in
words.....................................)
Total sum cross-guaranteed:
........ (in words .............................)
...
...
...
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Cross-guarantee fee:
............................
Purpose of cross-guarantee:
........................
Total value of assets (or
documents) offered as security:
Attached documents include:
..........................
We hereby undertake to comply
with all provisions of the Regulations on Guarantees and Cross-Guarantees of
Foreign Loans issued with Decision No. .../QD-NH14 dated .../../1993 of the
Governor of the State Bank
Dated:
.../..../......
Guarantor Bank
General Director (Or Director)
(Signature And Seal)
..................
(Full Name)
...
...
...
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......(1)................ hereby
agrees to give a cross-guarantee to .......(2)............ to enable
.......(2)............. to provide a guarantee for ................. to obtain
a loan from ............... as follows:
Sum cross-guaranteed:
............(in words): ......
Duration of cross-guarantee:
.... months (from ..... to ........)
Guarantee fee:
Date
......./...../.......
Cross-guarantor bank
General Director (or director)
(signature and seal)
...................
(Full name)
Note: (1) - Name of
cross-guarantor bank
...
...
...
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LIST
OF DOCUMENTS DELIVERED AS SECURITY FOR GUARANTEES AND CROSS-GUARANTEES PROVIDED
BY THE STATE BANK
(Submitted as appendix to application for guarantee or cross-guarantees of
foreign loan)
Name of bank
(applicant):..........................
Address:....................
No Name of document Doc. No.
Dated Issuing body
Par value Interest Due date
...
...
...
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Note: This list corresponds with
the list of documents used as a basis for entry into the computer database as
stipulated in article 26.
Column 2 must be filled out in
the following order. Government bonds, bonds, loan contracts...