Money, money circulation and credit
Money sender presents to a serving receiving bank a payment order on a pre-printed set form.
By means of payment orders the following money transfers could be done:
– for the goods delivered, works performed, services rendered;
– for purposes of advanced payment for the goods (works, services);
– to the budgets of all levels and non-budget funds;
– for credits reimbursement and their interests payment;
– in favor of private persons (including without the account opening);
– other payments as provided for in the legislation or agreement.
By means of payment orders the settlements in order of billing payments >could be conducted. Such settlements are applied in case of regular supplies of goods (for example the supplies of bred or milk factories to the trade enterprises, etc.) when payment of each separate dispatch is more convenient to change on periodical funds transfers from the buyer’s account to the supplier’s account in specified terms and sum.
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