Circular no 1 - Financial Statements by Financial Institutions

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Basic Circular No 1 to Financial Institutions

Financial Statements by Financial Institutions

Attached is a copy of Basic Decision 6504 of March 13, 1997, on financial statements by financial institutions.

Riad Toufic Salamé

Old Numbering System: No 4

BANQUE DU LIBAN

Basic Decision No 6504

Financial Statements by Financial Institutions

The Governor of the Banque du Liban, Pursuant to the Code of Money and Credit, particularly Article 179 together with Article 146, and Pursuant to the Decision of the Central Council of the Banque du Liban, taken in its meeting of March 12, 1997,

Decides the following:

Article 1 : All financial institutions operating in Lebanon are requested to compile their monthly and annual financial statements (assets, liabilities, off-balance sheet) according to Form 2010 and Annex 2020, attached to Basic Decision 7723 of December 2, 2000.

Article 2: Financial institutions are requested to provide the Banking Control Commission, the BDL Statistics and Economic Research Department, and the BDL Financial Markets Department with the following documents:

a- Monthly statements of assets and liabilities, together with their annexes and off-balance sheet items, to be submitted, starting from their closing date, within ten days on diskette and within twelve days in hard copy.

b- Annual statements, as mentioned above in Article 1, to be submitted within six months from the end of the fiscal year.

Article 3 :

Article 4 :

Article 5: This Decision shall be published in the Official Gazette and shall be effective on its issuing date.

Beirut, March 13, 1997

The Governor of the Banque du Liban

Riad Toufic Salamé

[1] This Article was amended by Article 2 of Intermediate Decision 7996 of December 4, 2001 attached to Intermediate Circular 5.

Note: Article 7 of Intermediate Circular 7996 reads as follows:

“All concerned banks and financial institutions must send the afore-mentioned statements, closed on December 31, 2001, and prepared according to Form 2010 and Annex 2020, both amended by this Decision”.

[2] This Article was repealed by Article 3 of Intermediate Circular 7996 of December 4, 2001, attached to Intermediate Circular 5.

[3] This Article was repealed by Article 3 of Intermediate Circular 7996 of December 4, 2001, attached to Intermediate Circular 5.

Banque du Liban Statistics and Economic Research Department (Annex to Basic Decision 6271/Basic Circular 28) Coding System as adopted by the Banque du Liban In classifying economic clients
Client's Code
A000 A100 A200 A300	Non-financial productive institutions State-controlled productive institutions Non financial private institutions Non financial institutions under foreign control
B000 B100 B200 B210 B220 B230 B300 B310 B320 B330 B400 B410 B420 B430 B440 B450 B460 B470 B500 B510 B511 B512 B513 B520	Financial Sector Central Bank Depository Institutions Commercial banks Medium- and long-term credit banks Other depository institutions (saving and credit unions and mutual benefit organizations) Non Depository Institutions Financial institutions Leasing institutions Specialized financial institutions (holdings, import/export financing institutions) Financial intermediaries Securities market Financial intermediation institutions Exchange institutions Financial guarantee institutions Institutions specialized in derivatives Trusts Institutions for marketing and underwriting subscriptions to financial rights Insurance companies and pension funds Insurance companies (including brokerage firms) Life insurance Insurance against damage Reinsurance companies Pension funds
C000 C100 C110 C120 C130 C200 C210 C220 C300 C400	Public Sector Central Government Ministries Public Administrations Administrations with budgets annexed to the State Budget Non financial public institutions Investment trusts Management institutions (non profit) Municipalities National Social Security Fund
D000 D100 D200	Non-profit household-serving institutions Non-profit institutions with market-oriented production Non-profit institutions with no market-oriented production
E000 E100 E200 E300 E400	Households Employers Independent workers Employees Beneficiaries of private income, termination funds, and transfers
F000 F100 F110 F120 F130 F200 F300 F310 F320	Non resident Sector Non resident financial sector Foreign central banks International financial institutions Non resident financial institutions Foreign public administrations Non resident, non financial sector Non resident international organisations Other non resident, non financial companies and units

Note: Forms B310-1, B310-1-1, B310-2, B310-2-1, B310-3, B310-4, originally attached to this Circular, were repealed by Article 3 of Intermediate Decision 7996 of December 4, 2001 (Intermediate Circular 5).

(Pages 6 to 20 are cancelled).