order to maximize know exactly what it means or that the word of the business lexicon, it is better to apply to the legislative acts.In this article we analyze the term "collection".This concept is reflected in the number of Article 874 of the second part of the Civil Code.According to her, in the scheme of settlement operations of collection should be a credit institution on behalf of their client and at his expense to produce a set of actions to receive from the payer to the contractual payment or acceptance (implied consent to pay).
Collection - an operation that is often used in international transactions.In this case, the exporter brings in servicing bank for collection instructions and the attached supporting documents.Note that not every financial institution providing such services.A credit institution, in turn, sends the order to the delivery of the goods, offsetting the bank, which will interact with the importer.Corresponding financial institution gives importer trade documents, receiving from him the payment, which translates into the original bank, and then to the exporter.
There are several types of collections - the so-called clean and documentary.Documentary is almost always accompanied by the transfer of commercial or trade documents.It is considered quite risky, t. To. Have the time lag between the receipt of the final payment and the transfer of the original documents to the bank and the shipment of goods.In addition, when the documents supplied to the correspondent bank, the importer may not have the means to pay, or even go bankrupt.
What schemes are used to reduce the risk when dealing with the collection?This so-called operations previously obtained a guarantee from the correspondent bank.She passed it by a credit institution to the Bank, which works with the exporter.And he, in turn, provides a bank guarantee of the company carrying out the exports.
Clean collection is an operation when trade documents are not transmitted.Instead, during the operation of traded financial instruments (a check for collection, bills of exchange, etc..).In this case, if the person owns, for example, a check of a foreign bank, to which you can get money in the limited time frame, it may apply to a Russian bank for the above operations.The Russian financial institution will require from the client a passport and fill a number of documents.Then take a check and send it by mail to the Interbank issuing bank.If the financial instrument is all right, of foreign credit institutions will put money in the Russian bank, and he, in turn, will give them the original holder of the check.
also may be sent to foreign banks currency for collection.This operation is in line with federal legal act № 173 (adopted in 2003, December 10) refers to the number of possible transactions concluded between residents of our country.In particular, foreign money for collection in Russia takes of "Savings Bank".
