LETTER OF NATIONAL BANK OF THE AZERBAIJAN REPUBLIC

of April 10, 2002 No. 03-08/158

About rules of making of cash transactions in credit institutions of the Azerbaijan Republic

Board decision of National Bank of the Azerbaijan Republic of April 10, 2002 (The protocol No. 7) the "Rules of making of cash transactions in credit institutions of the Azerbaijan Republic" which underwent state registration in the Ministry of Justice of the Azerbaijan Republic are approved.

In connection with entry into force of these Rules "The instruction for issued and cash work, collection of cash revenue and transportation of valuable things in bank institutions of the republic" of April 13, 1993 No. 10 and "Technical requirements on installation and fixing of cash node in credit institutions of the Azerbaijan Republic" of November 01, 1997 are recognized invalid (register No. 104). "Rules of making of cash transactions in credit institutions of the Azerbaijan Republic" go to you for management in work.

Approved by board decision of National Bank of the Azerbaijan Republic of April 10, 2002 No. 7

Rules of making of cash transactions and the organization of collection of values in credit institutions of the Azerbaijan Republic

1. General provisions

1.1. These rules are prepared according to the laws of the Azerbaijan Republic "About National Bank of the Azerbaijan Republic", "About banks", and also other legal acts of the Azerbaijan Republic and establish procedure for making of cash transactions in credit institutions.

1.2. Persons responsible for storage of values (the head, the chief accountant and the treasurer of credit institution), according to the relevant legislation bear responsibility for complete safety of money and other values of credit institution.

1.3. The chief accountant of credit institution or person responsible in her for accounting cases, bears responsibility for reliability of reflection of cash transactions in the balance sheet (accounting).

2. Concepts

2.1. Cash transactions - set of transactions on acceptance, issue, storage and saving of cash liquidity and other values.

2.2. Cash node - the place which is specially equipped and complying technical requirements provided for making of cash transactions (warehouse for storage of cash liquidity and other values; priskladsky area; evening cash desk; the room in operational cash desk for making of receipt and account transactions; the room for recalculation and packaging of money and values; the area for recalculation by the client of the received money).

2.3. Day and receipt cash desk - the receipt cash desk performing acceptance of cash liquidity and other values during the operational day.

2.4. Evening and receipt cash desk - the receipt cash desk performing acceptance of cash liquidity and other values upon termination of operational day.

2.5. Account cash desk - the cash desk performing issue of cash liquidity and other values during the operational day.

2.6. Credit and debit cash desk - the cash desk performing functions of both receipt, and account cash desk.

2.7. Recalculating cash desk - the cash desk performing recalculation and formirovka of the cash accepted at clients and other values.

2.8. The cashier - person performing cash transactions.

2.9. The cash document - the document used for making of cash transaction.

2.10. Cash warehouse - the area (the room, warehouse, the place) for storage, saving and protection of values.

2.11. Formirovka - sorting and packaging of banknotes and coins according to their nominal value, suitability and unfitness to turnover.

2.12. Parcel post - paper tape of the single regulation approved by National Bank for tightening of cash packs.

2.13. Pack - the banknotes which are pulled together with parcel post from 100 (hundred) notes of the same nominal value.

2.14. Sheaf - the packaging of banknotes consisting of 10 (ten) packs (1000 notes) of the same nominal value.

2.15. Operational day - the term established by internal regulations of credit institution during the working day in which clients are served.

2.16. The ATM - the automatic device used for issue and acceptance of cash without participation of the cashier.

2.17. Values - cash liquidity, securities, valuable metals and gemstones, luxury goods.

2.18. Collection - transportation of cash liquidity and other values from the location to the destination.

2.19. The collector - person performing collection of cash liquidity and other values.

3. Organization of cash case

3.1. In organizational structure of credit institutions the administrative division (cash desk) which is responsible for cash transactions shall be created.

Cash nodes shall be organized in credit institutions according to the technical requirements established by these rules on the basis of internal procedures of credit institutions.

3.2. If necessary for receiving and delivery of cash liquidity and other values the following cash desks can be organized: receipt (day and evening), account, credit and debit, recalculating, cash desks of foreign exchange offices and ATMs.

3.3. The agreement on full financial responsibility shall be signed with the workers occupied with cash liquidity and other values (Appendix 16).

3.4. The management of credit institutions shall create proper conditions for ensuring protection of cash desks.

3.5. Persons responsible for safety of cash liquidity and other values and working with them, shall be provided with the corresponding seals, ice creams and personalized stamps.

3.6. The seals which are available in credit institutions keys from warehouses in which cash and other values are stored ice creams, cliche, stamps shall be registered in the book (Appendix 1).

3.7. Such book is constituted by the head of credit institution or, according to its written order, person who is not making transactions with cash liquidity and other values.

3.8. Seals, keys, ice creams, cliche and personalized stamps are issued to workers and return from them under list in the book.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info