Examples of using Conditional commitments in English and their translations into Russian
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Official
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Colloquial
To approve the Regulation on assets and conditional commitments classification, according to the Annex no.1.
Assets/conditional commitments classified as substandard, doubtful and compromised are considerate nonperforming.
Based on the classification, the required amount of allowance for assets and conditional commitments losses shall be determined in accordance with Chapter IV of this Regulation.
Credits granted and bank's conditional commitments to grant funds in the future to a debtor(except for banks), whose debts exceed 8 times its own capital shall be not classified above the"supervised" category.
Following the application of provisions of items 8 and 10, the bank's assets and conditional commitments shall be assessed and further included in one of the following categories.
Bank shall report on assets and conditional commitments classification and calculation of allowance for assets/conditional commitments in accordance with the requirements of the regulations of the National Bank for reporting.
The Decision of the Council of Administration of the National Bank of Moldova no.224 of August 30, 2007 on the Regulation on assets and conditional commitments, allowances for asset losses and provisions for conditional commitments losses.
Allowance for assets and conditional commitments losses calculated under this Regulation is not reflected in accounting records by income or expense accounts.
The Decision of the Council of Administration of the National Bank of Moldova no.229 of November 18, 2010 on amendment andcompletion of the Regulation on assets and conditional commitments, allowances for assets losses and provisions for conditional commitments losses Official Monitor of the Republic of Moldova, 2011.
The notions and the essence of assets and conditional commitments categories to which is applied this Regulation shall be determined in accordance with the law and the International Financial Reporting Standards.
If the retained equity of the bank is insufficient to meet the required level of reserves for general banking risks,the deficit is considered as incomplete allowances for assets/ conditional commitments losses that diminishes the Tier I capital and shall be disclosed in the Explanatory Notes to the financial statements.
Consequently, countries that did make conditional commitments on multimodal transport in their draft schedules chose to schedule it as an additional commitment. .
The new assets and conditional commitments shall be classified, respectively,at the time of assets occurrence in the bank's balance sheet, while conditional commitments- upon the moment of the contract signing on which basic appears or will appear liabilities recorded in the balance sheet at off-balance accounts.
In the case the counterparty, in addition to the classification carried out by the bank according to items 13-17, is assessed by one of the international rating agencies Standard& Poor 's, Moody 's and Fitch-IBCA,the classification of assets/ conditional commitments is made in accordance with the counterparty rating and these shall be included in one of the following categories: 1 Standard- counterparties that are assigned by one of the international rating agencies Standard& Poor 's, Moody 's and Fitch-IBCA a rating varying from AAA/ Aaa to A-/A3 inclusively.
This Regulation on assets and conditional commitments classification(hereinafter- Regulation) shall be applied by the authorized banks upon classification and provisioning to the allowance for losses on on-balance assets/ conditional commitments subject to credit risk and namely, 1 on the following assets: a„Nostro" accounts with banks;
General reserves for banking risks represents the difference between the amount calculated under item 27 of allowances for assets/ conditional commitments losses and the balance-sheet amount of allowances for losses of the same assets impairment and provisions for losses for the same conditional commitments formed according to the International Financial Reporting Standards.
Banks shall classify the assets and conditional commitments at least on a monthly basis on the last day of the reporting period in accordance with this Regulation and own policy and procedures developed by each bank in compliance with this Regulation.
The respective provisions shall not apply to the following situations:a for credits and conditional commitments, the cumulative value of which is smaller or equal to MDL 1,000,000; b for credits and/or conditional commitments insured in proportion of at least 50 percent of the exposure value against the debtor, with real guarantees owned by the debtor.
Prior to the assessment of bank's assets and conditional commitments, the value thereof shall be decreased by the insurance amount referred to item 2, paragraph 5 of the Regulation on"large" exposures.
The required amount for the allowance for assets losses/conditional commitments shall be established by applying the following percentages to the sum of assets/conditional commitments in each classification category pursuant to items 13-17, 21 1 or 22.
In the event that the counterparty has many assets/conditional commitments given by the same bank and any of these are classified as nonperforming,all the debts of the counterparty shall be classified in the same category of nonperforming assets/conditional commitments.
The difference between the amount of the allowance for assets and conditional commitments losses calculated under this Regulation and balance sheet value of their impairment losses, formed according to International Financial Reporting Standards, will reduce the Tier I capital.
If reducing the size of allowance for assets/conditional commitments losses, calculated in accordance with this Regulation, to the size reflected the general reserve for banking risks account, the funds return is performed on the same account of retained earnings from which such reserves were formed.
Standard asset/ conditional commitment.
Asset/conditional commitment that where extended and renegotiated shall be classified.
In the event the classification of the asset/conditional commitment pursuant to items 13-17, 21 1 and 22 differs, the respective asset/conditional commitment shall be referred to a more severe category.
In the event assets/conditional commitment may be classified differently according to the given criteria, these shall be referred to a more severe category.
The classification of this asset/conditional commitment in the category"compromise(losses)" is delayed until a more precise determination of the status of such asset/conditional commitment.
Thus it is classified for a period of 6 months after renegotiation, if the interest andthe basic amount of the asset/ conditional commitment will be paid regularly at least monthly.
Subsequently, the assets on the renegotiation data are classified in the"substandard" or"dubious(uncertain) category, if the interest andthe basic amount of the asset/ conditional commitment will be paid regularly(at least monthly), this may be classified as positive depending on the circumstances, but not above the"supervised" category.