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Can Drawee Make Payment Before Maturity Under D/A

Posted: Thu Nov 15, 2012 11:26 pm
by ngochuong
the D/A collection docs have been accepted for payment on 30 DEC 2012 by the drawee.

However, on 15 NOV 2012, the drawee reques for payment.

As the request’s drawee, can the collecting effect payment before 30 DEC 2012 without advice their action to the remitting bank?

Yes it is possible....

Posted: Fri Nov 16, 2012 7:10 pm
by picant
Hi Pal,

IMHO it is possible, but in some Countries it could be prohibited due to "par conditio creditorum" where a debtor could privilege some supplier just before bankrupcy.
Other comments appreciated
Ciao