Legal Encyclopedia. The letter K

clearing agency

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organization, a legal entity that has declared itself as a center of mutual settlements, which on the basis of a license issued by the Central Bank of the Russian Federation granted the right to settlement (clearing) operations, as well as a limited number of banking operations, support the implementation of the clearing.

KU is specially created design centers, wards, at home.

The founders of the KU can be commercial banks, the Central Bank and its shareholders, other legal entities and individuals, except for political organizations and specialized public funds.

Clients KU may be founders of a clearing institution, as well as attracted as such on a contractual basis, commercial banks, stock exchanges and other lending institutions.

KU is prohibited to carry out intermediation activities, activities in the sphere of material production and trade of material goods, operations on insurance of all kinds, except insurance of currency, credit risks and transactions to the extent necessary to guarantee the transactions and compensation in the event of a default, and as activities in which confidential information circulating in the clearing system can be used.

Supervision of the activities carried KU Central Bank and its principal place of management at KU location

KU has the right to perform the following operations:

1) acceptance of payment documents from customer KU in electronic form via communication channels;

2) Input from workstations settlement documents with magnetic media;

3) the identification and control of incoming payment documents the presence of the paying bank and the beneficiary bank in the clearing agency based data;

4) control of the presence of the stated amount of the payment on the account of the paying bank;

5) opening and maintaining accounts of clients of the clearing agency for internal and external wiring;

6) sort (Addressing), and the resulting primary accounting documents for posting and subsequent distribution;

7) Implementation of the posting of settlement documents on customer accounts of a clearing institution, setting off reciprocal payments, the formation of consolidated memo;

8) exchange rate recalculation;

9) print statements of accounts of clients on the basis of electronic prototypes;

10) settlement of the balance at the end of the trading day;

11) sending of statements of accounts, other accounting documents (via communication channels in electronic form on magnetic or paper) to clients and correspondent banks in accordance with the service regulations;

12) the transfer of accounting documents in the establishment of the Central Bank of the Russian Federation;

13) attract deposits (deposits) and short-term loans under the agreement with the borrower;

14) opening and maintaining accounts of clients and correspondent banks;

15) settlements on behalf of clients and correspondent banks;

16) brokerage and advisory services, leasing operations;

17) The acquisition of rights to the supply of goods and services, the adoption of the risk of execution of such requirements and collection of these requirements (forfeiting), and performing these operations with additional control over the movement of goods (factoring).

Activities KU terminated by a decision of KU supreme governing body on the Elimination of KU