Transaction passport (pasport sdelki)

Transaction passport: a document that used to be issued at the bank for a foreign trade contract or a loan agreement with a non-resident. It contained details of the parties, the amount, the currency and the dates. The bank checked payments and deliveries against it, and the transaction passport number was stated in payment documents and in the customs declaration.

The current situation

The transaction passport has been abolished. The currency control procedure is now set by Bank of Russia Instruction No. 181-I, and instead of a passport, the contract is registered with the bank. The bank assigns the contract a unique contract number (UCN), and from then on the deal documents carry this number.

The idea remains the same: the bank keeps track of payments and deliveries under the contract. But the procedure is simpler. The client submits the contract, and the bank handles the registration, without a separate passport form. Contracts whose amount reaches the threshold set in the instruction are registered.

Where the term comes up

In old contracts, archived documents, agreement templates, sometimes in requests from foreign partners and in accountants’ everyday speech. If your contract template still has a clause on the transaction passport, it is worth replacing it with a reference to contract registration with the bank.

If you pay through an agent

The contract with the supplier is registered with your bank if it reaches the threshold. The payment method does not change this. A payment through an agent is confirmed by the agent’s report, the payment confirmation and the completion certificate. For each payment, we put them together in a package for your bank: Currency control.

This is a general overview. We decide on your deal after reviewing the documents.