Agreement on Joint Credit Provision
关于联合信贷提供协议
ຂໍ້ຕົກລົງວ່າດ້ວຍ ການສະໜອງສິນເຊື່ອຮ່ວມ
Summary
This regulation governs joint credit provision by commercial banks, specifying core content such as credit limits, currency use, group establishment principles, and rights and obligations of lead banks.
Articles
Article ມາດຕາ 1
Article 4 Necessity of Joint Credit Provision
Commercial banks must provide credit jointly with other credit providers if the customer applies for credit exceeding the credit provision limit of the commercial bank as stipulated in the relevant regulations.
Article ມາດຕາ 2
Article 5 Currency Used in Joint Credit Provision
The currency used in joint credit provision is Kip or foreign currency, according to the customer's proposal and the consideration of the credit provider. The provision of joint credit in foreign currency must comply with the law on foreign exchange management and relevant regulations.
Article ມາດຕາ 3
Article 3 Scope of Application
This agreement applies to the Department of Commercial Bank Supervision, credit providers, customers, and other parties involved in joint credit provision activities.
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