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MERICAN Journal of Public Diplomacy and International Studies
www.
 grnjournal.us 
 
The leading place as a form of non-cash payments is occupied 
by payment orders.
It is worth 
noting that the legislator assigns the main place to settlements with payment orders. For 
example, the provisions of the CC on the product supply contract explicitly state that if the 
procedure and form of settlements are not specified in the agreement of the parties, settlements 
are carried out by payment orders (part 1 of article 449 of the CC). When making payments by 
payment order, the bank, on behalf of the client, transfers a certain amount of money from the 
funds in his account to the account of the person specified by the client in this or another bank 
within the time limits provided for by law, if a shorter period is not provided for by the bank 
account agreement or is not used in banking practice, if not specified, undertakes to make the 
transfer (part 1 of article 792 of the CC). From the definition established in the legislation, the 
following signs of bank transfers can be indicated: 

money transfers are carried out at the expense of the payer; 

money transfers are made by the bank to the account specified by the payer; 

if the parties in the bank account agreement do not set a shorter period for the transfer of 
money, the transfer of money is carried out within the period established by law or in 
accordance with it. 
Banks are obliged to make an electronic payment on the day of receipt of the relevant payment 
document on behalf of the client, if this document was received during the banking day, except 
in cases provided for by law. In case of receipt of a payment document after the end of the bank's 
working day, banks are obliged to make an electronic payment no later than the morning of the 
day of receipt of the document, except in cases provided for by legislation [2]. 
The transfer of a monetary amount is carried out by the bank by transferring a certain amount of 
funds from the payer's account to the recipient's account. Such an obligation is imposed on the 
bank of the payer of funds, and he must make the payment within the time limits provided for by 
law, banking rules and the contract. According to the rule, although it is established that 
settlements between banks are carried out in national currency through representative 
(correspondent) accounts opened in the Central Bank settlement center, the Central Bank 
interbank payment system, the bank of the payer of funds and the Bank of the recipient of funds