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Debt settlement
is a banking operation according to which the bank (issuing bank) takes 
measures to accept payment from the payer on behalf of the client and to his account on the basis 
of settlement documents. The issuing bank that has received the collection order has the right to 
involve another bank (executive bank) for its execution. 
Collection settlements are carried out on the basis of payment requirements by order of the payer 
(with acceptance) or without his order (in a non-acceptance order) and collection order, which is 
executed without the order of the payer of funds. (in undisputed order). 
The payment application and collection order are submitted by the recipient (collector) of funds 
to the payer's account through the bank serving the recipient (collector). 
Collection settlements are carried out on the basis of payment orders on behalf of the payer of 
funds (with acceptance) or without his indication (non-acceptance procedure) and on the basis of 
the collection order, according to which the payment is made without the indication of the payer 
of funds (without objections). The payment application and collection order are submitted by the 

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MERICAN Journal of Public Diplomacy and International Studies
www.
 grnjournal.us 
 
recipient (collector) of funds to the payer's account through the bank serving the recipient 
(collector). 
Payment claims
are settlement documents expressing the request of the creditor (recipient of 
funds) from the debtor (payer of funds) to pay a certain amount of money through the bank on 
the basis of the contract. 
Payment requirements are used for payments for goods delivered, works performed, services 
rendered, in other cases stipulated by the main contract. 
Settlements with payment claims can be made without prior acceptance or receipt of funds by the 
payer. 
Payment requests without the payer's acceptance are made in the following cases: 

if the original written response of the debtor on the recognition of the amount of the claim is 
attached to the application. The addition of other documents to the application (the protocol 
of reconciliation of accounts receivable and accounts payable, the act of completed works 
(services, etc.)) cannot be the basis for writing off without acceptance. Taking into account 
that the record of reconciliation of accounts receivable and accounts payable cannot be the 
basis for writing off funds without acceptance, the letter of the payer of funds, in addition to 
confirming the amount of the objection, must contain the explicit consent of the recipient of 
funds to remove this amount from his account with a request for payment. 

by banks - to the bank servicing the main account of the payer of funds, in case of late 
repayment of debt on loans by the payer of funds; in this case, the banks servicing the 
debtor's secondary accounts, in case of insufficient funds in his account, the bank becomes 
the recipient of funds and sends a payment request to the debtor's main account in another 
bank. This provision is relevant, because in practice, executing banks refused to accept 
payment applications from creditor banks without acceptance, since accepting payment 
applications from other creditors would be impractical for them if the executing banks 
themselves are creditors. 

in other cases established by law. 
Banks do not seriously consider the objections of payers about debiting funds from their 
accounts without acceptance. 
Acceptance of the payment application must be completed by the payer of funds or the payer of 
funds, depending on the location of his claim, within three or ten working days, not counting the 
date of receipt of settlement documents. The payer has the right to partially or completely refuse 
to accept the payment request during this period. The refusal to pay is made in the prescribed 
form. Refusal of acceptance may be partial or complete. In case of partial refusal, payment is 
made within the recognized part of the acceptance. Banks do not consider the justification 
(reasons) for refusing to accept a payment request, as well as disputes regarding the purposes of 
the refusal. 
If the acceptance of the payment request is not received on time, it is considered accepted and 
payment is required (default acceptance). 
If the payment order cannot be signed by the payer's representative due to the absence of the 
client, the bank has the right to return the payment order to the recipient's bank without execution 
after 10 working days, marked "Not executed due to the absence of the client". in the upper left 
corner. At the same time, if during this period the payer's account numbers in this bank were 
debited by his order (including by issuing cash), the recipient of funds will meet the established 
requirements for opening account numbers in the payer's bank, crediting funds and debiting from 
customer accounts has the right to levy a fine in accordance with the regulations on the 
procedure application of fines to commercial banks (list No. 1044-3, 25.09.2019) for violation of 
the procedure for issuing cash for wages and other needs provided for by law. 

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