Article 874. General provisions on settlements under collection.

1. When making settlements under the collection, the bank (the issuing bank) undertakes, on behalf of the client, to carry out, at the expense of the client, actions to obtain payment from the payer and (or) 2. The issuing bank that received the client’s order has the right to involve a different bank (the performing bank) for its execution. The procedure for effecting settlements under a collection is regulated by law, banking rules established in accordance with it and customs of business turnover applied in banking practice. 3. In the event of non-performance or improper execution of the client's order, the issuing bank is liable to it on the grounds and in the amount provided for by chapter 25 of this Code. If non-fulfillment or improper execution of the client’s order occurred in connection with a violation of the rules for the settlement of the settlement operations by the executive bank, the responsibility to the client may be assigned to this bank.

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Links to other articles of chapter 46. Calculations:
Article 861. Cash and non-cash payments.
Article 862. Forms of non-cash payments.
Article 863. General provisions on the settlement of payment orders.
Article 864. Conditions for execution by a bank of a payment order.
Article 865. Execution of instructions.
Article 866. Responsibility for non-execution or improper execution of the order.
Article 867. General provisions on settlements under a letter of credit.
Article 868. Revocable letter of credit.
Article 869. Irrevocable letter of credit.
Article 870. Execution of a letter of credit.
Article 871. Refusal to accept documents.
Article 872. Responsibility of a bank for violation of the conditions of a letter of credit.
Article 873. Closing of a letter of credit.
Article 875. Execution of a collection order.
Article 876. Notification of operations performed.
Article 877. General provisions on payment by check.
Article 878. Check details.
Article 879. Payment of check.
Article 880. Transfer of rights by check.
Article 881. Payment Guarantee.
Article 882. Collection of check.
Article 883. Certificate of Refusal to Pay a Check.
Article 884. Notice of non-payment of the check.
Article 885. Consequences of non-payment of a check.