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The document ceased to be valid since  March 31, 2021 according to the Order of the Minister of Justice of the Republic of Uzbekistan of March 29, 2021 No. 8-mkh

It is registered

Ministry of Justice

Republic of Uzbekistan

On August 3, 2000 No. 953

Approved by Board of the Central bank of the Republic of Uzbekistan of July 15, 2000 No. 476

Regulations on procedure for carrying out factoring transactions by commercial banks in the territory of the Republic of Uzbekistan

(as amended on 20-10-2021)

It is approved

Ministry of Finance

Republic of Uzbekistan

 

1. General provisions

1.1 This Provision is developed according to Articles 313-323 and 749-758 of the Civil code of the Republic of Uzbekistan, the Laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About banks and banking activity", "About foreign economic activity", Presidential decrees of the Republic of Uzbekistan of April 20, 1994 No. UP-837 "About Measures for Ensuring Currency Exchange Control for Export-import Transactions", of June 2, 2000 No. UP-2612 "About Measures for Program Implementation for Liberalization and Deepening of Reforms in Political, Economic and Spiritual Spheres of Society, Safety of the Country" and other acts of the legislation.

1.2 This Provision determines procedure for carrying out transactions by financing of the clients by bank under concession of the right of monetary claim from the third parties with possibility of immediate compensation of the most part of payment, guarantees of complete debt repayment, expense reduction on account management (factoring).

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