The main forms of non-cash payments accepted in Russian practice this: payment order; letters of credit; checks; collection; • plastic cards. In this case the Central Bank usually does not play a decisive role, as it does not has appropriate means.
De- delicate calculations in the economy take the form of motion- personal money and money in the form of cash. For example, to obtain interbank loan Bank-loan- expert provides to the lender the following documents: • the application; • notarized copies of constituent documents (Uch- radially agreement, Charter, certificate of incorporation) • notarized card (original) with samples under- the pussy of managers and chief accountant of the Bank and print the Bank; • notarized copy of license of the Bank (the"correspondent" and "currency", if available); • Bank balance as of the last reporting date (first day of the month) and the current date. Equipment leasing.
Release them into circulation imple- carried out in the form of records to the client's account the amount of credit money. Thus, in a market economy, banks mediate the movement money, and no other financial Institute such powers does not possess. Upon expiration of the loan is extinguished, i.e. The Foundation again is laid, and obtained loans serve as a source of financing of the next of the construction phase. Each the creditor Bank uses its own method of evaluation cred- the ability of the borrower, which, as a rule, it is commercial ical mystery. This period is stipulated in the loan agreement.
In addition to banks, banking transactions can be performed by the organization tion, which are called non-Bank credit organizations. Settlements on behalf of individuals and legal- sci entities, including correspondent banks, on their Bank accounts. A key element of the financial system of any developed state STV today is the Central Bank, official conductor of monetary policy. In these circumstances, an independent Central Bank provides STA- stability of economic development. The placement of these funds on its own behalf and at own expense.
Reduction of interest rates on the loan!