Decision 2522/QD-NHNN 2024 the minimum margin ratio to set the net debt limit in use of low-value payment services

DECISION

On the minimum margin ratio to set the net debt limit in use of low-value payment services in the national interbank electronic payment system and the minimum margin ratio to set the electronic clearing limit upon participation in the electronic clearing system

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THE GOVERNOR OF THE STATE BANK

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Institutions dated January 18, 2024;

Pursuant to the Government’s Decree No. 102/2022/ND-CP dated December 12, 2022, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

Pursuant to the Circular No. 08/2024/TT-NHNN dated June 25, 2024 of the Governor of the State Bank of Vietnam, providing for management, operation and use of the National Interbank Electronic Payment System;

Pursuant to the Circular No. 40/2024/TT-NHNN dated July 17, 2024 of the Governor of the State Bank of Vietnam, regulating the provision of intermediary payment services;

At the request of the Director of the Payment Department.

DECIDES:

Article 1. The roadmap for adjustment of the minimum margin ratio to set the net debt limit in use of low-value payment services in the national interbank electronic payment system and the minimum margin ratio to set the electronic clearing limit upon participation in the electronic clearing system shall be detailed as follows:

Article 2. The minimum margin ratio to set the net debt limit in use of low-value payment services in the national interbank electronic payment system and the minimum margin ratio to set the electronic clearing limit upon participation in the electronic clearing system of 2025 shall apply from July 01, 2025; the Decision No. 1660/QD-NHNN dated August 2, 2024 expires from July 01, 2025.

Article 3. The minimum margin ratio to set the net debt limit in use of low-value payment services in the national interbank electronic payment system and the minimum margin ratio to set the electronic clearing limit upon participation in the electronic clearing system from 2026 to 2030 shall be adjusted periodically from January 1 every year corresponding to the levels specified in Article 1 of this Decision.

Article 4. This Decision takes effect on the signing date.

Article 5. Chief of Office, Director of the Payment Department, Director of the Central Banking Department of the State Bank of Vietnam and heads of units of the State Bank of Vietnam, the State Treasury, the National Payment Corporation of Vietnam, credit institutions, foreign bank branches shall be responsible for the implementation of this Decision./.