1. Opening of the corresponding accounts in foreign and local currency
2. Teller services
3. Documentary  operations
4. Security operations
5. List of correspondent accounts
6. Tariffs

Opening of corresponding accounts in foreign and local currency

One of the main activity directions of “AZERIGAZBANK” is the opening and service  of LORO corresponding accounts for the resident and non-resident banks.

According to the regulations of National Bank of Azerbaijan Republic resident banks may have corresponding accounts in foreign currency. The corresponding accounts in national currency banks may have only in Operational Department of the National Bank of Azerbaijan.

For non-resident  banks AZERIGAZBANK offers to open corresponding accounts both in foreign and local currency.

List of documents necessary for  opening of corresponding accounts in foreign currency for resident banks

1. Charter
2. Certificate from the State Statistic Committee.
3. Certificate from the Ministry of Justice.
4. Certificate-duplicate from Ministry of Taxes.
5. Reference-duplicate from Pension Fund
6. Bank License.
7. Application for opening of the account.
8. Samples of signatures
9. A letter from National Bank on director and chief accountant attestation.(and all those, whose signatures are in the samples)

The list of documents necessary for opening corresponding accounts in local and foreign currency  for nonresident banks

1. Copy of the license.
2. Copy of the audit act.
3. Application for opening of the account.
4. Balance sheet as of last report date.
5. Samples of signatures
6. The permission of the authorized body for opening of the account in Azeri Bank.

* The bank has the right to require  additional documents.
* There is no commission for opening of the corresponding accounts.

Teller Services

The order of the operations on corresponding accounts (Accounts), for resident and non-resident banks is defined by the acting legislation of Azerbaijan Republic, normative documents of National Bank, which regulate the correspondent accounts in foreign currency of Azeri Banks, tariffs of the commission fee for the execution of the mission of “AZERIGAZBANK” correspondent accounts and also generally accepted international Banking Rules.

Terms of paying of the foreign currency into account are the terms of those in clearing banks with regard to timely receipt of credit attachments in which the beneficiary is clearly defined. Bank is not responsible for timely paying into account in case of non-observance of this condition.

Withdrawals from the accounts are made on the basis of payment documents including telex tested messages and SWIFT messages received from the Correspondent.

Payment orders are performed in terms defined in the order with consideration of the minimal terms of performance.

Minimal terms of fulfillment of the payment order are defined as follows:

• In AZN and USD it's fulfilled "today", with condition that it is received not later than 15:00 of Baku time;
• In other currencies it's performed on "spot" condition if it is received not later than 15:00 of Baku time.

In case of limited conversion currency, and also closed or clearing currency terms of performance are negotiated additionally.

Bank sends to the Correspondent bank statements and credit advice by SWIFT or tested telex system on the next day after the fulfillment of the orders.

All operations on the accounts are made in limit of credit balance.

Quarterly Bank pays into account percents calculated on the basis of percentage rates set by the Bank.

For the fulfillment of the operations Bank takes commissions due to the tariffs of the Bank. Commissions are withdrawn in the currency of appropriate operation.

Bank receives money in cash in accordance with the acting rules of cash services in the banks.

Bank issues cash to the Correspondent for support of the circulating cash register.

Issuance of cash is made from 10:30 of Baku time.

Documentary operations

“AZERIGAZBANK” works actively on documentary operations. For the correspondent banks “AZERIGAZBANK” presents the whole package of services on documentary credits, on advising without confirmation, advising with the own confirmation, advising with the confirmation of the bank of first class.
The confirmation is made with 100% blocking of cover as well as with the coordination, with the partially cover and without the cover. In this case the credit line is opened for  the corresponding bank.

“AZERIGAZBANK” also renders the whole package of services on guarantees.

Security operations

"AZERIGAZBANK" is the active participant of securities market of Azerbaijan and offers services on buying/selling of securities on Baku Stock Exchange.

	BANK NAME	CITY	S.W.I.F.T	CURRENCY	ACCOUNT NUMBER
USA
	DEUTSCHEBANK TRUST COMPANY AMERICAS	NEW YORK	BKTRUS33	USD	04402963
USA
	AMERICAN EXPRESS BANK LTD	NEW YORK	AEIBUS33	EUR	18134405 EUR
GERMANY
	AMERICAN EXPRESS BANK LTD	FRANKFURT AM MAIN	AEIBDEFX	EUR	18134405 EUR
GERMANY
	COMMERZBANK AG	FRANKFURT AM MAIN	COBADEFF	USD, EUR	400888050200USD 400888050200EUR
GERMANY
	BERLINER BANK NIEDERLASSUNG DER BANKGESELLSCHAFT BERLIN	FRANKFURT AM MAIN	BEBEDEBB	EUR	9805377900EUR
GERMANY
	DRESDNER BANK AG	FRANKFURT AM MAIN	DRESDEFF	EUR, USD	499/0812150300/888EUR 499/0812150300/400USD
AUSTRIA
	BANK AUSTRIA CREDITANSTALT AG	VIENA	BKAUATWW	USD, EUR	0101-80370/00USD 0101-80370/00EUR
NETHERLANDS
	FORTIS BANK N.V.	ROTTERDAM	FTSBNL2R	EUR, USD	213921456EUR 213921456USD
NETHERLANDS
	FINANS BANK (Holland) N.V.	AMSTERDAM	FBHLNL2A	USD, EUR	0202885437 USD 0204938880 EUR
RUSSIAN FEDERATION
	ALFA-BANK OJSC	MOSCOW	ALFARUMM	USD, RUB	30112840700000000111 (USD) 30231810500000000099 (RUB)
RUSSIAN FEDERATION
	INTERNATIONAL BANK OF AZERBAIJAN MOSCOW	MOSCOW	IBAZRUMM	USD, RUB	30231810700000000082 (RUB) 30112840200000000082 (USD)
RUSSIAN FEDERATION
	EUROPEAN TRUST BANK	MOSCOW	CEURRUMM	RUB, USD, EUR	30231810800000000319 (RUB) 30112840300000000319 (USD) 30112978900000000319 (EUR)
UNITED KINGDOM
	HSBC BANK PLC	LONDON	MIDLGB22	USD, EUR	37560540 USD 57981761 EUR
UNITED KINGDOM
	LLOYDS TSB Bank plc	LONDON	LOYDGB2L	USD, GBP	11504851 USD 01025393 GBP
LATVIA
	PAREXBANK	RIGA	PARXLV22	USD, GBP	LV59PARX0002356110016 112514228GBP
LATVIA
	AIZKRAUKLES BANKA	RIGA	AIZKLV22	USD	1-161-0040171-0401
KAZAKHSTAN
	BANKTURANALEM	ALMATY	ABKZKZKX	KZT, USD	135169202KZT 001073085USD