2021-03-30

Regulations on Accounting of Payment Facilities in Azerbaijani Banking Financial Statements

The Central Bank of the Republic of Azerbaijan establishes mandatory accounting standards for payment facilities, requiring banks to record plastic cards and cheques in off-balance sheet accounts upon issuance and release. The framework specifies precise debit-credit entries for ATM cash management, POS-terminal transactions, and interbank settlements based on cardholder affiliation. Additionally, it delineates distinct accounting treatments for traveler and settlement cheques, governing advance payments, collections, and fund disbursements across the banking system.

Azerbaijan

Central Bank of Azerbaijan

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