Emission of electronic money

The issue of electronic money - the activity of the issuer to provide holders of means of payment in the form of electronic money, by exchanging them for cash or liquid assets associated with the obligation to repay them to the bearer, the issuer - a bank to issue electronic money and are responsible for the their maturity; exchange transactions with electronic money - transactions involving an exchange of e-money issuer in one e-money issuer or other e-money denominated in another currency, the operator - the issuer or other business entity carrying out the maintenance treatment of electronic money, electronic money settlement - withdrawal of electronic money in circulation at the same time giving them the bearer of the funds in cash or cashless presenter - a natural or legal person who makes electronic money issuer or agent to repay the spread of electronic money - in accordance with the issuer (issuer) of the rules of electronic holders of money that is not associated with the obligation to repay them, the system of electronic money - a set of organizational, technical and software, and bank operations, providing circulation of electronic money, scratch card - card inscribed with the surface of an opaque strip, which contains a set of characters allowing recharge electronic money electronic device in the possession of the holder, the amount of face value cards, merchant - a business entity registered in accordance with Ukrainian legislation, which under contract with the issuer or its agent accepts the contract electronic money as payment for goods or services. The operations are carried out with electronic money issuers, operators, agents, holders, dealers and other entities in accordance with the requirements of these Regulations, the rules established by the issuers, and contracts entered into with regard to the requirements of Ukrainian legislation. In a system of electronic money to save the holders of electronic money can be used the following types of electronic devices: the chip contained in a plastic card (hereinafter - the card with electronic money), or on another medium, the computer's memory. In Ukraine, in a centrally planned economy there was a clear delineation of cash flow on cash and noncash. In late 1997, the National Bank has a policy of liberalization of cash payments between economic entities. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE | Tags: Emission