Encyclopedia
Foreign Payment Systems
Foreign payment systems - a set of organizations that have joined the rules of a foreign payment system determined by the operator of the foreign payment system, organized in accordance with foreign legislation, and interacting according to the rules of the foreign payment system (participants in the foreign payment system) systems), in accordance with which a foreign bank (foreign credit institution) may act as a payer and recipient of funds in transfers of monetary funds by participants of a foreign payment system (foreign central payment clearing counterparty)1;
Federal Law No. 161-FZ of June 27, 2011 "On the National Payment System", as amended on August 2, 2019, Art. 3, subpara. 27 // RSZ RF. 2011. No. 27. P. 3872. ↩