Int'l Rules - Trade‎ > ‎URC 522‎ > ‎E. Payment‎ > ‎

Article 16

Payment without delay

a.    Amounts collected (less charges and/or disbursements and/or expenses where applicable) must be made available without delay to the party from whom the collection instruction was received in accordance with the terms and conditions of the collection instruction.

b.    Notwithstanding the provisions of Sub-ARTICLEs 1 c and unless otherwise agreed, the collecting bank will effect payment of the amount collected in favour of the remitting bank only.