Regulatory Alerts1999-07-24 | 447Added · Updated
Procedure for Interbank Settlements by Regional Directorates of the Central Bank in Emergency Situations
This document establishes the manual procedures for the Central Bank of Uzbekistan's regional directorates to execute interbank settlements during emergency situations to ensure continuous payment system operations. It mandates the creation of manual representative accounts, specifies the verification and submission of payment documents via couriers, and outlines the reconciliation processes between regional sectors and the Tashkent sector. The procedure requires daily balance matching, prohibits further transactions if discrepancies exist, and subjects the process to internal audit within two months of the emergency's conclusion.
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