Article 875. Execution of a collection order.

1. In the absence of any document or inconsistency of documents on external features of a collection order, the performing bank is obliged to immediately notify the person from whom the collection order was received. In case of failure to eliminate the indicated defects, the bank has the right to return the documents without execution. 2. Documents shall be submitted to the payer in the form in which they are received, with the exception of marks and inscriptions of banks required for the execution of a collection operation. 3. If the documents are subject to payment upon presentation, the executing bank must make a presentation for payment immediately upon receipt of a collection order. If documents are due for payment at another time, the executing bank must submit documents for acceptance immediately upon receipt of a collection order to receive the payer's acceptance, and the payment request must be made no later than the day on which the payment period specified in the document comes. 4. Partial payments may be accepted in cases where this is established by bank rules, or with a special permit in the collection order. 5. The received (collected) amounts must be immediately transferred by the executive bank to the issuing bank, which is obliged to credit these amounts to the client’s account. The executing bank is entitled to withhold from the collected amounts the remuneration due to him and the reimbursement of expenses.

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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 874. General provisions on settlements under collection.
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.