collection order, collection operations ... At first glance - and difficult to understand.Let's try to understand these and other terms.First we need to be clear about who is involved in these operations, who makes them and why at all.
Now, first things first.
On the one hand - the company (or organization) that sells certain products (services), ie,It is an exporter (the creditor) and the Bank, through which all payment transactions are made.He, accordingly, is a bank-exporter.
On the other hand - the buyer of the goods or services, ie,the importer (debtor, payer) and the importer's bank.
In order to receive payment from the debtor, the exporter is in your bank collection order to obtain from the debtor (or through another bank) previously agreed sum of money or acknowledgment of its payment at a certain time (acceptance).
Bank, received from a customer collection order, is obliged to present it to the bank of the debtor.The collection order shall be provided within 10 calendar days from the date of its publication.
Operations collection
now analyze in detail the procedure of the collection operation:
- exporter and importer signed a contract in which an equal footing with other conditions agree, through which banks they will make payments;
- in accordance with this agreement the exporter provides the shipment of goods;
- carrier is an exporter with the accompanying documents;
- exporter collects the documents corresponding to the conditions of collection, and together with the collection order is its own bank;
- bank after examination of the documents, together with the request sends them to the bank of the importer;
- received all these documents, the importer's bank sends them to a potential payer to collect from him brought by payment or receive confirmation of acceptance, ie,It performs actions specified in the collection order;
- funds received the importer's bank transfers to the bank of the exporter;
- after receiving the exporter's bank credits the funds to his account.
This form of payment is beneficial to all parties.Exporter - because until the date of payment or receipt of the acceptance of its right to the goods is reliably protected by the bank.
Importers - because on the basis of the package of accompanying documents he has full confidence in the fact that it pays to have the goods delivered.
and banks, in turn, for the implementation of the collection gets a commission.
But in the collection form of payment has its drawbacks.From the date of shipment (delivery) until the payment may take a long time, which adversely affects the turnover of funds exporter.He also no certainty about the reliability of payment.Importer for the period document may be insolvent or generally refuse to pay.
Such unpleasant moments helps avoid telegraph collection or collections to prior bank guarantee.
Making a payment order
Money Order draws importer - is the order of the bank transfer in which the payer instructs his bank to transfer from his account to the beneficiary a certain amount for goods (services).It is made on the standard prescribed form (f. Number 0401060).
Fills the payment order is the person in charge, signed by the head having a right to it.The signature shall be certified by the seal of the payer.
payment order is made out in four copies.On the basis of the first instance, withdrawal of funds from the payer's account.
second copy for the bank (the beneficiary).If both accounts are in the same bank, then it acts as a memorial warrant at transfer funds to the appropriate account.
third copy for the payee.The fourth and last instance, signed a specialist bank assures seal that certifies acceptance of the payment order to the bank, and returns it to the client.
Bank shall accept the payment order from the client regardless of whether the money in his account.
