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Banknotes pending counting

February 3, 2021

The banknotes that have been delivered by a credit institution (either directly or by an intermediary) to the central bank, where the latter has not yet counted them. In many countries there is a system (the pending counting system) by which the central bank and credit institutions sign an agreement that allows the amount of these banknote deliveries to be paid to the account of the financial institution, despite not having an absolute affirmation of its amount or legitimacy. Subsequently, when the central bank counts and analyses the banknotes delivered, it confirms or rectifies (through an extra credit or debit, for the difference found) the initial transaction credited in the bank account of the financial institution.