Ukrainian translation: стягувати й отримувати (платежі)
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English to Ukrainian translations [PRO] Bus/Financial - Finance (general) / Custody Agreement
English term or phrase:To collect and receive
7.2 In the absence of contrary Instructions, the Bank is authorised but not required by the Client to carry out the following actions relating to the Securities without reference to the Client:
(b) To collect and receive, for the account of the Client, all payments (whether income or capital) and distributions in respect of the Securities, and to take any action necessary and proper in connection with the same including (without limitation) the presentation of coupons and other interest items and the endorsement for collection of cheques, drafts and other negotiable instruments and the deduction or withholding of any sum on account of any tax (i) required or which in its view is required to be so deducted or withheld or (ii) for which it is or is in its view liable or accountable, by law or practice of any relevant revenue authority of any jurisdiction