MNB Decree No. 32/2009 - Magyar Nemzeti Bank

10. Documentary deposit: those deposits at the credit institution that were not placed on account or deposit
book, regardless of the certificate’s identification, denomination, maturity, or whether it is a bearer certificate
or not (e.g. savings notes, value notes, treasury notes, deposit notes, etc. issued by a credit institution).
11. Gross value: purchase, historic or book value (according to the contract) – not decreased by adjustments,
provisions, etc., not modified by valuation difference. In the case of balance sheet items the gross book value,
in case of off-balance-sheet items the book value (the not yet repaid capital amount in the case of contracts
concluded by credit institutions and not yet repaid part of the purchase value in the case of purchased
receivables). In the case of balance sheet items the gross book value, in the case of off balance sheet items the
book value.
12. Other credit: any loan other than those mentioned in specific loan rows, its interpretation varies according to
sectors.
13. Settlement account: common name for the nostro and loro accounts.
14. Original maturity: (maturity upon issue or maturity determined at the time of conclusion of the contract):
the fixed “lifetime” of the financial instrument, prior to the expiry of which it may not be redeemed (e.g.
issued securities), and prior to the expiry of which it may only be redeemed (e.g. certain types of deposits and
drawn loans) with unfavourable conditions of the contract (e.g. loss of due but not maturing interest), or the
maturity of loans specified in the contract of lending.
15. Securities lending and borrowing: term specified in the Tpt.
16. Securitisation: an operation where the monetary financial institution:
exchanges the loan shown in its balance sheet to new, tradable debt securities issued by the original debtor
(without any intermediary), selling those simultaneously, or subsequently, to investors (in this case the loan
terminates);
or sells those to a financial vehicle corporation (FVC) – generally established for holding such loans – who
finances that by issuing new debt securities. In this case there are two possible solutions:
a. The lending monetary financial institution exchanges the loan to the new securities, which are
simultaneously, or subsequently, sold to investors.
b. The financial vehicle corporation sells the new securities directly to investors, and the lending
monetary financial institution receives money in return for the loan sold.
17. Term of notice: represents to the period that begins when the holder of the financial instrument sends notice
concerning his intention to redeem the instrument, and that ends on the day when the holder may exchange
the instrument to cash without any unfavourable conditions of the contract.
18. Deposits redeemable at notice: non-transferable deposits for which the holder has to respect a fixed period
of notice before being able to withdraw the funds, or there is the possibility of earlier withdrawal subject to
the payment of a penalty.
19. Called loans: loans drawn by credit institutions which were called on the basis of ordinary calling.
20. Payment account: an account defined in Act LXXXV.of 2009 on the pursuit of the business of money
transmission services.
21. Consumer credit: loan granted to households for purchasing and repairing ordinary household appliances
and for receiving services (purchase of goods, automobile, personal loan). Consumer credits shall also
comprise credit card arrangements where the bank does not offer an interest-free period, and the card serves
the purpose of accessing the loan only.
22. Overdraft facilities: negative balance on a payment account managed by the credit institution and on any
other account held for reasons other than payment transaction to which the client has access at any time
(overdraft), including forced overdraft provided in connection with these accounts. Also includes card loans,
where the bank provides an interest-free period. Card loans, where the bank does not provide an interest-free
period are to be shown under consumer loans.
Revolving or roll-over loans, where the maturity is not determined specifically, shall also be shown under
overdraft facilities.
23. Residual maturity: the period of time between the original maturity of credit, deposit or other instrument
shown in the contract, and the reference period indicated in the report.
24. Line of credit: the availability of funds in the amount fixed under a credit agreement between the creditor
and the debtor, to the benefit of the debtor, where the credit institution is liable to conclude a loan contract or
to carry out other credit operations pending compliance with certain specific contractual conditions.
25. Loan write off (in table 04 containing data for the calculation of transactions): write off of loans and
similar receivables shown in the balance sheet at the end of the previous month, and their sale in the reference
month below the contract value decreased with instalments or gross book value.
26. Debt securities: securities having the meaning defined in the Tpt., other than investment units.
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