Terms and definitions according to local legal acts of NFC
NFC |
Belarusian Currency and Stock Exchange, JSC |
NFC CEO |
Chairman of the Board of the Belarusian Currency and Stock Exchange |
Forex Company |
Legal entity included by the National Bank into the registry of the forex companies in accordance with the legislation of the Republic of Belarus |
Forex Broker |
Forex company, bank or non-bank financial institutions operating in the OTC forex market |
Forex Broker’s Client |
individual or legal entity having an agreement with a forex broker on carrying out operations with non-deliverable OTC financial instruments |
Margin funds |
the amount in foreign currency to transfer by a forex broker’s client when conducting transaction in the Forex market in order to open and (or) maintain his open position |
ES “Personal Account” |
Electronic Service "Forex Broker’s Personal Virtual Account" aimed at accumulating information about forex brokers, proving forex broker’s reports in accordance with these Rules, exchanging messages between NFC and forex brokers |
NFC Administrator |
NFC employee authorized to perform the actions specified by local legal acts of NFC |
Forex Broker’s reporting |
Electronic documents duly submitted by forex brokers into NFC |
Aggregate open position of Forex broker’s clients |
the amount of open positions of clients by particular underlying asset |
Authorized person of Forex Broker |
forex broker’s employee registered in the ES "Personal Account" and authorized to represent forex broker’s interests while working with NFC |
System of Electronic Document Flow (SED) |
software and hardware means, including digital signature, databases, telecommunications and other equipment designed to produce, verify digital signatures, create, process, transmit, record and store electronic documents |
Electronic Digital Signature (EDS) |
character set produced by electronic digital signature that is an integral part of the electronic document |
Electronic Digital Signature Means (EDSM) |
certified in accordance with the technical normative requirements software and hardware to ensure the production and testing of electronic digital signature |
Financial instrument |
non-deliverable OTC financial instrument that is the subject of the transaction |
Legal entities |
individual entrepreneurs and legal entities as defined in the Civil Code of the Republic of Belarus as of 07.12.1998 number 218-З |
Open position |
purchase or sale transaction that has not been closed by reverse sale or purchase transaction, respectively |
Underlying asset |
foreign currency, precious metals, securities, oil, and other assets, defined by the Council of Ministers of the Republic of Belarus together with the National Bank of the Republic of Belarus as assets for non-deliverable OTC transactions |
Professional assistance:
Operational Department
mail: 48a,Surganova str., room 113, Minsk, 220013, Belarus
tel. +375 (17) 309-33-46
+375 (17) 309-33-41
e-mail: Grevtsov@bcse.by