Money - is the main financial instrument through which all economic transactions carried out both within individual organizations and the state in general.Turnover of money going with cash and cashless forms of calculations.Cash and calculations are carried out with the help of notes and coins.Clearing system involves the use of bank accounts, that is, deposits of any form.Cashless payments cover about 70 percent of all financial transactions.
main principles of non-cash payments are at the heart of all financial transactions related to the transfer of money from the account to other accounts of the organization.Cashless payments have their undeniable advantages.This, above all, speed, reliability, lack of risk and a minor amount of the operation.The instruments of cashless payments are considered payment and settlement.Under the act of delivery realize money transfer to pay off obligations.Calculation - it is the action itself, the consequence of which is a cash settlement.The difference between these concepts is essential.The calculation can be performed with the use of cash and non-media types, and by offsets.This is the process of transferring funds from the account of the organization of the bank to other accounts.In this case, the operation may be involved several banks.Banks have an obligation to their clients to ensure the non-cash payments.This is the most rapid and effective implementation of transfers.
all banks and their branches, as well as other credit institutions participating in the provision of non-cash payments account for the payment and settlement system.Thanks to the principles of a non-cash payments and transactions occur quickly and on time.
principles of organization of non-cash turnover are mandatory for all participants in financial transactions.Only then can we ensure the coordinated work of the entire financial system, not only a particular region, but the whole country.
main principles of non-cash payments are divided into five points:
- all non-cash payments shall be in accordance with existing laws and legal norms.The legality of these transactions can not be broken.We should also take into account the rules of the banking and non-cash payments.
- right to choose any form of payment.The customer has the ability to establish and apply the system of accounts and accounting, which considers acceptable in this situation.To settlement from each participant must be an account or accounts in the system of a credit institution.
- Urgency settlements is a priority in the conduct of financial operations.These terms set by the legislation and rules of banking non-cash transactions.
- All operations are carried out from the customer's account are performed only with his consent.Only the account holder shall decide whether the implementation of cashless payment.
- money in the account shall be entitled to dispose of only its owner.It is the client's personal funds that it distributes at its own discretion.
principles of organization of non-cash payments are considered to be mandatory for all participants in financial transactions.Banks are a link, and a tool that is engaged in providing non-cash payments.They ensure that all existing principles of non-cash payments are respected in accordance with the legal framework and rules of conducting banking operations.However, credit institutions themselves are responsible for the timely conduct financial transactions.
