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Ministry of Justice of Ukraine

April 27, 2005

No. 441/10721

RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of April 8, 2005 No. 123

About approval of Accounting rules of transactions with use of payment cards in banks of Ukraine

(as amended on 28-04-2022)

According to articles 7, of 41 Law of Ukraine "About the National Bank of Ukraine", article 68 of the Law of Ukraine "About banks and banking activity" and for the purpose of reduction of regulatory legal acts of the National Bank of Ukraine in compliance to the Law of Ukraine "About payment systems and money transfer in Ukraine" the Board of the National Bank of Ukraine DECIDES:

1. Approve Accounting rules of transactions with use of payment cards in banks of Ukraine (are applied).

2. Recognize invalid:

the resolution of Board of the National Bank of Ukraine of 17.12.2001 No. 524 "About approval of Accounting rules of transactions with use of payment cards in banks of Ukraine", registered in the Ministry of Justice of Ukraine 10.01.2002 for No. 15/6303;

the resolution of Board of the National Bank of Ukraine of 19.03.2003 No. 123 "About approval of Changes to Accounting rules of transactions with use of payment cards in banks of Ukraine", registered in the Ministry of Justice of Ukraine 08.04.2003 for No. 274/7595.

3. To accounting department (V. I. Rychakivskaya) after state registration in the Ministry of Justice of Ukraine to bring contents of this resolution to permission of territorial administrations of the National Bank of Ukraine and banks for management and use in work.

4. The resolution becomes effective in 10 days after state registration in the Ministry of Justice of Ukraine.

5. To impose control over the implementation of this resolution on territorial administrations of the National Bank of Ukraine.

 

Chairman

V. S. Stelmakh

Approved by the Resolution of Board of the National Bank of Ukraine of April 8, 2005 No. 123

Accounting rules of transactions with use of payment cards in banks of Ukraine

I. General provisions

1. These Rules determine accounting treatment banks of Ukraine of transactions with use of payment cards interstate and international payment systems during implementation of payment of cost of goods and services, carrying out transactions via automatic tellers (further - ATMs) through operational cash desk of bank when calculating between members of international payment systems.

2. These Rules are developed according to the Laws of Ukraine "About the National Bank of Ukraine", "About banks and banking activity", "About payment systems and money transfer in Ukraine", other laws of Ukraine and regulatory legal acts of the National Bank of Ukraine (further - National Bank) and are based on international accounting standards.

3. These Rules regulate financial accounting of transactions with use of payment cards which are performed both in national, and in foreign currency. The procedure of foreign currency transactions is determined by regulatory legal acts of National Bank concerning currency control.

4. Banks independently develop procedure for financial accounting of transactions with use of payment cards taking into account features of intra bank payment system, adhering to the fundamental accounting principles determined by these rules and provisions of internal payment system.

5. Financial accounting of transactions with use of payment cards is performed based on the source documents determined by regulatory legal acts of National Bank, regulating procedure for making of transactions with use of electronic means of payment.

6. The terms and determinations used in these rules are used in the values given in the Law of Ukraine "About payment systems and money transfer in Ukraine", others legislative and regulatory legal acts of National Bank concerning implementation of transactions with use of electronic means of payment.

7. Financial accounting of transactions with use of payment cards is performed according to the corresponding balance and off-balance sheet accounts of the Chart of accounts of the financial accounting of banks of Ukraine approved by the resolution of Board of National Bank of September 11, 2017 No. 89 (with changes) (further - the Chart of accounts).

8. Bank - the member of payment service provider which clearing bank is the National Bank performs accounting of transactions with use of payment cards from the correspondent account opened in National Bank.

9. The bank reflects cash disbursement from current accounts of clients with use of payment cards through operational cash desk of bank according to Item 2.3 of Chapter 2 of the Instruction for financial accounting of transactions with cash and bank metals in banks of Ukraine approved by the resolution of Board of the National Bank of Ukraine of October 20, 2004 No. 495, registered in the Ministry of Justice of Ukraine on November 8, 2004 for No. 1425/10024 (with changes). The bank has the right to use as transit, balance sheet account 2924 of the Chart of accounts.

10. The bank reflects in financial accounting credit operations with use of payment cards according to the Instruction for financial accounting of financial instrument transactions in banks of Ukraine approved by the resolution of Board of the National Bank of Ukraine of February 21, 2018 No. 14.

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