Examples of using External commitments in English and their translations into Romanian
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Notification of external commitments by residents.
Regulate other peculiarities related to external commitments.
Recording/authorization of external commitments shall not imply for the National Bank of Moldova any obligations related to such external commitments.
Regulate the conditions andprocedure of issuance by the National Bank of Moldova of authorizations on external commitments;
The notification regime shall not be applied to external commitments, if such commitments fall under the Law no.
Establish the obligations of residents, including of RPS providers through which the receipts/payments/transfers related to external commitments are made;
Subject to notification to the National Bank of Moldova shall be the external commitments arising from receiving by residents from non-residents of.
Residents, whose external commitments were recorded/authorised by the National Bank of Moldova under the provisions of this Instruction, shall be obliged to report to the National Bank of Moldova the information on external commitments.
Subject to authorisation by the National Bank of Moldova shall be the external commitments arising from the granting by residents in favour of non-residents of.
In the event of notification on external commitments arising from financial leasing operations and from commercial loans/credits, according to which advance payments by the resident debtor are provided for, the amounts of external commitments, excluding the amounts of advances, shall be indicated in notifications.
Paragraph(6) of the same article determines the categories of credits/loans and guarantees(external commitments) that are subject to notification to the National Bank of Moldova, namely.
While reporting the authorised external commitments, the residents shall also submit the photocopies of documents(that shall remain at the National Bank of Moldova) on the basis of which the entries on the operations, other than those performed through RPS provider, were made in the attachment to authorisation.
The RPS providers, through which residents make in favor of non-residents payments/transfers within the notified/authorized external commitments, shall be obliged to verify at least the following.
Government shall observe all Romania's external commitments pertaining to macroeconomic indicators, including and in the first place that which limits the budget deficit to 3 percent.
According to a rating by the international financial evaluation agency Fitch IBCA,Moldova is rated"B-" for long-term external commitments,"B" for internal commitments and the"stable" forecast for both of them.
For purposes of this Chapter, the notion of“external commitments” has the significance defined in the Instruction on external commitments approved by the Administration Council of the NBM no.
This chapter shall regulate the particularities related to making by residents in favor of non-residents of payments andtransfers within the notified/authorized external commitments, in particular the requirements for the notifications/authorizations that shall be submitted to the RPS providers and the respective actions of the RPS providers.
While reporting the authorised external commitments, the residents shall also submit the photocopies of documents(that shall remain at the National Bank of Moldova) on the basis of which the entries on the operations, other than those performed through RPS provider, were made in the attachment to authorisation.
Notification of the National Bank of Moldova on external commitments shall be made by residents by submitting the respective notifications, to which the documents listed in items 3.5- 3.8 of this Instruction are attached.
While reporting the authorised external commitments, the residents shall also submit the photocopies of documents(that shall remain at the National Bank of Moldova) on the basis of which the entries on the operations, other than those performed through RPS provider, were made in the attachment to authorisation.
The procedure of notification to the National Bank of Moldova regarding the external commitments is governed by the Instruction on the external commitments(approved by the Decision of the Council of Administration of the National Bank of Moldova no.185 as of July 13, 2006).
In case of refusal to authorize the external commitment, the National Bank of Moldova shall inform the applicant in written form, indicating the respective reason.
Depending on the peculiarity of external commitment, the National Bank of Moldova can modify the content of the attachment to the notification and/or issue several attachments to the notification.
In the event when the external commitment was not recorded, the National Bank of Moldova shall inform the applicant in written form, indicating the respective reason.
The National Bank of Moldova shall keep in the modified notification the registration number of external commitment and the date of recording such commitment. .
The RPS provider shall perform and authenticate in the attachment the entries on the receipts/payments/transfers within external commitment.
If the external commitment is subject to authorisation, while making the payment/transfer related to external commitment by the resident in favour of non-resident, the resident shall submit the originals of the authorisation issued by the National Bank of Moldova and of the attachment to authorisation.
In the event that the resident makes a payment/ transfer within the authorized external commitment in favor of the non-resident, the RPS provider shall indicate the information related to the payment/ transfer performed in the original of the attachment to the authorization.
After the removal by resident of circumstances that served as grounds for refusal,the resident may repeatedly address to the National Bank of Moldova in order to record the external commitment.
The resident's order related to making the payments/transfers with the use of funds received from non-resident according to the external commitment, which is subject to notification, shall be executed by the RPS provider in the event when it has evidence, obtained from the respective resident, that the resident holds the notification recorded by the National Bank of Moldova.