Regulatory Alerts2021-03-19
Regulations on Accounting of Off-Balance Sheet Transactions in the Banking System of the Republic of Azerbaijan
The Management Board of the Central Bank of Azerbaijan issued these regulations to standardize the accounting treatment of off-balance sheet transactions across the national banking system. The framework classifies these operations into risky contingencies and non-risky memorandum transactions, mandating double-entry recording in designated off-balance accounts based on executed documentation. It further specifies precise triggers for recording and derecognizing these items, outlines revaluation procedures tied to exchange rate and collateral price fluctuations, and establishes a June 2001 effective date.
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