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Only those (all those) securities which did not manage to be sold on the nominal
Costs or above at auctions, competitions or different ways.
3. "The privatisation bank" gives to potential investors credits on
Purchase of securities belonging to it. Crediting is carried out on the security
Bought securities. Credit conditions, and also a share of cost of the valuable
Papers which the investor should bring at purchase by "ready cash",
Are defined by "privatisation Bank" independently, but cannot be less
Rigid, than on what he has received securities.
4. The owner of securities can make with them any transactions only after
Credit payments or in case the credit is paid as a result of them
5. In case of insolvency or the existence termination "Bank
Privatisations "borrowers respond under the obligations to the corresponding
Committee (Fund) of the state property. In quality "Banks
Privatisations "can act any not state financial institutions,
Having possibility to carry out the activity specified above and received
To stand out the State Property Committee and the State Bank of the Russian Federation). "Privatisation Banks" can also
Specially to be created on the basis of the existing investment companies,
Broker firms, commercial banks. It is obviously important, that in everyone
Area (region) was not less than one "privatisation Bank".
If it will appear that in some regional "privatisation Bank" it is stored
Considerable share of the securities addressing in given region, that, since
Securities of region and the regional clearing centre. Thus, it
Can remove from regional branch of the Savings Bank conducting the privatisation
Bills and bills "depot" under the account of securities of citizens.
We believe that if offered "the credit scheme of privatisation" will be entered in
Action by the special governmental order of the Russian Federation not later than the first
Half-year 1992 thus this year there will be a significant
Additional source of incomes of the state budget of the Russian Federation.
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