Decision No. 212/2002/QD-NHNN of the State Bank, promulgating the technical process for inter-bank electronic clearing payment
STATE BANK OF VIETNAM
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
Hanoi, March 20th, 2002
ON THE ISSUANCE OF TECHNICAL PROCESS OF INTER-BANK ELECTRONIC CLEARING PAYMENT OPERATION
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December, 1997;
Pursuant to the Law on Credit institutions No. 02/1997/QH10 dated 12 December, 1997;
Pursuant to Decree No. 15/CP dated 02 March, 1993 of the Government on assignments, authorities and responsibilities for the State management of Ministers, ministerial level agencies;
Pursuant to Decision No. 196/TTg dated 1 April, 1997 of the Prime Minister of the Government on the use of information data on information carriers as accounting and payment Documents for Banks and Credit Institutions;
Pursuant to Decree No. 64/2001/ND-CP dated 20 September, 2001 of the Government on payment activities performed by payment services suppliers;
Upon proposals of Director of Finance-Accounting Department;
Article 1. To issue in conjunction with this Decision "Technical process of inter-bank electronic clearing payment operation"
Article 2. This Decision shall be effective from the date of signing.
Article 3. Director of Administration Department, Director of Finance-Accounting Department, Director of Banking Information Technology Department, Director of Operation Department, Heads of units of the State Bank of Vietnam, Managers of the State Bank branches in provinces, cities under the central Government's management, General Director (Directors) of Credit Institutions shall be responsible for the implementation of this Decision.
OF INTER-BANK ELECTRONIC CLEARING PAYMENT OPERATION
(issued in conjunction with the Decision No. 212/2002/QD-NHNN dated 20 March, 2002 of the Governor of the State Bank)
Article 1. This technical process of inter-bank electronic clearing payment operation shall provide for procedures, sequence of the treatment, control, payment and accounting of transfer payments with the value of less than VND 500,000,000 (five hundred million) between banks, other organisations that are entitled to carry out payment services (hereinafter shortly called Banks), participate in the electronic clearing payment organized and chaired by the State Bank.
Article 2. The control, reconciliation and clearing in inter-bank electronic clearing payment.
The electronic clearing payment between banks shall be performed in accordance with following process: Payment orders sent by sending member banks shall be transferred to the leading bank in the electronic clearing payment to control, perform the clearing, and account for the result of electronic clearing payment before receiving member banks receive payment orders.
FOR THE GOVERNOR OF THE STATE BANK
Nguyen Thi Kim Phung