The
National Bank of Cambodia
00-38-PrK
-
With
reference to the Constitution of the Kingdom of Cambodia;
-
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;
-
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