The legal basis of the method of collection payment made under the uniform rules of evidence collection from the trade (Uniform rules for the collection of commercial paper, 1967 revision-ICC) by the International Chamber of Commerce (International chamber commerce ICC) issued in 1967. This rule was amended in 1978 of the ICC publication No. 522 (URC No Uniform rules for collection-522), in force since 01/01/1996 and here is the current text. 2. The concept of collection payment method is a payment method in which the export units after the completion of the delivery obligation or provision of services will conduct the mandate for the Bank collects money from its service units to import based on the base (or cheque) and sets the document export units present. 3. Participants collection/Committee of people Who thácthu (Principal): is the seller (exporter) collection directive for a bank. People pay (Drawee): the buyer, importing units, who are signed to play the l/c. mandate Bank currency (Remitting bank): is the Bank serves for the seller (exporter), are the seller trusts the buyer money, household income had the task of handing out vouchers to claim the money buy-side seating. collects money Bank (Collecting bank): has the task of collecting the households money the buyer (importer) is usually a bank transfer agent certificate from overseas. If in case the Bank collects identification does not directly claim money that must import unit through a different bank-which is the Bank identification. identification Bank (Presenting bank): make function like the Bank garnishments, Bank's transfer agent direct evidence of identification to reclaim money the buyer. 5 4. There are 2 types of classification:-the method of collection of smooth votes (Clean Collection)-collection method with vouchers (Documentary Collection)
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