The National Bank of Cambodia
00-38-PrK
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With reference to the Constitution of the Kingdom
of Cambodia;
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With reference to the Kram NS/RKM/0196/27 of
January 26, 1996promulgating the Law on the Organization and Functioning of the
National Bank of Cambodia;
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With reference to the Kram NS/KRM/0196/27 of
January 26, 1996 promulgating the Law on the Organization and Functioning of
the National Bank of Cambodia;
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With reference to the Kram NS/KRM/1199/13 of
November 18, 1999 promulgating the Law on Banking and Financial Institutions;
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With reference to the Kret CS/RKT/0398/85 of March
10, 1998 on the appointment of His Excellency Chea Chanto as Governor General
of the National Bank of Cambodia;
Pursuant to the request of the Banking Supervision
Department;
Decides as follows:
Article 1:
Banks and micro
financing institutions hereinafter referred to as banks are required to comply
with the management rules aimed at ensuring their liquidity that are laid down
in the following articles.
Article 2:
Banks
shall calculate a liquidity ratio on the basis of their monthly accounting
statements.
Article 3:
The
numerator of the liquidity ratio shall comprise:
1. Where it represents a lender position,
the treasury balance as defined in Article 5 of this Prakas.
2.
Portion of lending with not more than one month
to run (excluded loans to customers with no date of maturity-overdrafts for
instance-)
3. Treasury bills with not more than one
month to run.
Article 4:
The denominator of the
liquidity ratio shall comprise:
1.
Where
it represents a borrower position, the treasury balance as defined in Article 5
of this Prakas.
2.
80
percent of the portion of fixed deposits and certificates of deposit having not
more than one month to run.
3.
50
percent of the portion of fixed deposits and certificates of deposit having
more than one month to run.
4.
50
percent of saving deposits.
5.
60
percent of demand deposits.
Article 5:
The
treasury balance is equal to the difference between the total debit items and
the total credit items, as listed below:
1. Debit
items
a.
Cash
and gold
b.
Deposits
with NBC
c.
Deposits
with banks
d.
Portion
of lending to banks and financial institutions with not more than one month to
run (excluded loans with no date of maturity).
2. Credit items
- Credit balances on sight accounts maintained with NBC, Banks
or financial institutions.
- Borrowings from NBC and banks with not more than one month to run.
The treasury
balance is regarded as representing a lender position when the total of the
debit items exceeds the total of the credit items. The treasury balance is
regarded as representing a borrower position when the total of the credit items
exceeds the total of the items.
Article
6:
Banks
must at all times have a liquidity ratio of at least 100 percent.
Article 7:
Banks
shall monthly file declarations of their liquidity ratio in accordance with a
model drawn up by the National Banks of Cambodia.
Article 8:
All
provisions, which are contrary to those of this Prakas, are hereby repealed.
Article 9:
The General Direction, the General Secretariat, the General Inspection, the General Cashier and all Departments of the National Bank of Cambodia, and all Banking and Financial Institutions under the NBC's supervisory authority shall strictly implement this Prakas.
Article 10:
This
Prakas shall have effect from this signing date.
Phnom
Penh, February 9, 2000
The
Governor: Chea Chanto