Regulatory Alerts2009-07-12 | TED-FEM-FPC-GEN-01-112-09Documentation for Credit Card Settlement
This communication from Central Bank of Nigeria requires authorized dealers, Class 'A' BDC operators, and the public to adhere to specific documentation for credit card settlement. These include a completed Form 'A', a demand note/invoice, and a statement of account issued by the card provider. The relevant department has been instructed to enforce compliance.
Tel: 09 462 37 804 May 23, 2007 Fax: 09 462 37 802 Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja E-mail address:ted@cenbank.org TED/FEM/FPC/GEN/01/112 July 10, 2009 TO: All Authorised Dealers, Class 'A' BDC Operators and the General Public DOCUMENTATION FOR CREDIT CARD SETTLEMENT This is to inform all Authorised Dealers and Class 'A' BDC operators of the following documentation requirement for settlement of Credit Card billing and charges between them and the card providers:
- Completed Form 'A'
- Demand note/invoice 3. Statement of account issued by the card provider. Authorised Dealers and Class 'A' BDC operators are enjoined to ensure compliance accordingly.
Batari Musa Ag. Director Trade & Exchange Department