According to the legislation of the Russian Federation, foreign exchange transactions commercial banks should take place only through Central Bank or through the banks of a certain type that have a license to conduct such operations. Transaction for the sale and purchase of foreign currency carried out by institutions outside these banking institutions are illegal. Thus, residents who have some form of ownership, are obliged to transfer foreign currency to Bank accounts, which received in total foreign trade.
The foreign Exchange operations of commercial banks and securities are divided into current operations and, due to the circulation of capital. Foreign exchange operations of commercial banks current have the following forms: transfers in our country and from the country of the currency to transactions without the delay of payment on the movement of goods, services and works, the provision of loans for a period of more than six months, translations of non-trading purpose to our country and out of country, plus a translation of the amounts of alimony and other property. Foreign exchange operations of commercial banks, which are due to the movement of capital, include investments intended purpose and portfolio investment. In addition, transfers in payment of the authority as an owner of real estate of uninhabited purpose, also other operations that are not current. Foreign exchange operations of commercial banks are carried out by residents without restrictions, fueled by the resolution of the currency legislation. But such a right have only those financial institutions which have a special permission. As for non-residents, they have the right to have a Bank account in the currency of the foreign country and in the currency of our country, also have powers unlimited transfers and imports values in the currency of the Russian Federation for following the boundaries of customs control, as well as to acquire and exercise the currency of the foreign country and the currency of our country.
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The Cash operations of commercial banks held with the license. Note that the main clients of commercial banks remain natural and legal persons. Organizations registered as legal entities have the right of registration of the agreement with the Bank of maintenance cash management type. All the above mentioned activities of a commercial Bank are carried out in accordance with the regulations for the implementation of cash. That is, in order to serve clients of the commercial Bank in full, you need to create in the Bank cash units.
Cash units have the following content: credit cash, cash an expense type, currency cash, cash evening, cash for advances, cash counting and counting money in cash. In addition, can be constructed cash items of the Bank outside it. Of course, that they are created when the Bank has a special license. Equipment and device nodes cash properties must comply with the safety requirements and basic rules.
Deposit operations of a commercial Bank are due to the attraction of deposits. Thus, contribution can be considered as funds which are in the form of cash or non-cash properties, in Russian or foreign currency, which are awarded by customers to the Bank for the preservation of given conditions are determined by the lending institution. Usually, the terms of similar deposits in various commercial banks. The essence of Deposit of commercial banks is to ensure that this is the main type of transactions of such banks passive properties, on this basis, the deposits – this is the main resource for the operations of the credit active view.
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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."
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