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BOARD DECISION OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of December 18, 2013 No. 25/6

About approval of the Instruction about creation and submission of the statistical reporting on non-cash transactions under currency exchange

The board of the Central Bank of the Azerbaijan Republic for the purpose of obtaining by the Central Bank of the Azerbaijan Republic for use in development of monetary and monetarist policies of statistical data about activities of statistical units for non-cash currency exchange, requirement of statistical units and their clients in national and foreign currency, the purposes and the directions of purchase and sale of foreign currencies according to articles 22.0.17 and 63 of the Law of the Azerbaijan Republic "About the Central Bank of the Azerbaijan Republic", article 46.1 of the Law of the Azerbaijan Republic "About banks" and to the subitem "d" of Item 2 of article 13 of the Law of the Azerbaijan Republic "About currency control" decides:

1. Approve "The instruction about creation and submission of the statistical reporting on non-cash transactions under currency exchange" it (is applied);

2. Recognize invalid approved by board decision of the Central Bank of the Azerbaijan Republic of 17.12.2010 (the protocol 36) "The instruction about creation and representation by the banks performing activities in the Azerbaijan Republic, the statistical reporting on transactions under non-cash currency exchange in the foreign exchange market";

3. Charge to Legal department (R. Melikov) to provide within 3 days submission of this decision to the Ministry of Justice for inclusion in the State register of legal acts of the Azerbaijan Republic.

Chairman

Elman Rustamov

 

Approved by Board decision of the Central Bank of the Azerbaijan Republic of December 18, 2013 No. 25/6

The instruction about creation and submission of the statistical reporting on non-cash transactions under currency exchange

1. General provisions

1.1. This Instruction is prepared according to article 63 of the Law of the Azerbaijan Republic "About the Central Bank of the Azerbaijan Republic", article 46.1 of the Law of the Azerbaijan Republic "About banks", article 13 of the Law of the Azerbaijan Republic "About currency control" and regulates questions of creation and representation of statistics of non-cash exchange (purchase and sale) of currencies.

1.2. The statistical reporting on non-cash currency exchange provides data on non-cash transactions on exchange (purchase and sale) of currencies in various segments of the foreign exchange market constituted by banks, local branches of foreign banks and the national operator of mail service (further - statistical units).

1.3. The purpose of creation of the reporting is obtaining by the Central Bank of the Azerbaijan Republic for use in development of monetary and monetarist policies of statistical data about activities of statistical units for non-cash currency exchange, requirement of statistical units and their clients in national and foreign currency, the purposes and the directions of purchase and sale of foreign currencies.

2. Content and creation of the reporting

2.1. The reporting is constituted on the following segments of the market of non-cash currency:

2.1.1. Interbank foreign exchange market:

2.1.1.1. Currency transactions which are registered on trade platform Bloomberg (BTP);

2.1.1.2. Trade in Electronic System of the Baku Interbank currency exchange (BEST);

2.1.1.3. Currency transactions out of trade systems (TSK).

2.1.2. Intra banking foreign exchange market:

2.1.2.1. Intra Banking activities on Currency exchange (VOOV).

2.2. The statistical reporting is constituted in four forms:

2.2.1. Interbank Currency Exchange (QNVM-1_BAVM-1) Form-application No. 1;

2.2.2. Disclosure on the organizations of transactions in segment of TSK (QNVM-1_BAVM-2) - appendix No. 2;

2.2.3. Intra bank Currency Exchange (QNVM-2_BDVM Form) - appendix No. 3;

2.2.4. Exchange of foreign currency (QNVM-3_XVM Form) - appendix No. 4.

2.3. In the reporting of Interbank Currency Exchange and Intra bank Currency Exchange transactions on non-cash exchange between manat and foreign currencies, and in the reporting between foreign currencies are displayed.

2.4. In the form of the reporting of QNVM-1_BAVM-1 transactions of statistical unit on non-cash purchase and sale of foreign currency in segments of the interbank foreign exchange market are displayed.

2.4.1. In the Section of the Form of the reporting under purchase and sale of foreign currency the amount of the foreign currency and manats acquired in exchange secured and realized by statistical unit, daily average specific rate on these transactions, the number of transactions, and also division of transactions on the answering purpose are displayed.

2.4.2. in the form of the reporting of QNVM-1_BAVM-transaction under sale and purchase of foreign currency are classified by the following purposes:

2.4.2.1. observance of normative requirements of rather currency line item observance of the limits of open foreign exchange position set by the Central bank for the purpose of ensuring financial stability of statistical units;

2.4.2.2. risk minimization of losses from revaluation of foreign exchange position - risk minimization of losses which can result from revaluation of means in foreign currency in connection with change of the official rate;

2.4.2.3. payment of the credits and percent on them;

2.4.2.4. loan granting;

2.4.2.5. placement/return of deposits;

2.4.2.6. exchange of cash;

2.4.2.7. covering of operating (economic) expenses;

2.4.2.8. at the request of clients - the transactions performed in the interbank foreign exchange market for complete or partial providing orders on purchase and sale of foreign currency on market segment of BMVB;

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