LSV+/BDD

Secure collections
LSV+ (credit)

You want to be sure that you can collect your monthly receivables without any delays. All you have to do is arrange with your clients to set up the direct debiting system (LSV+/BDD) – and the prompt and secure collection of your receivables is guaranteed.

Application

  • LSV+: Collect regular receivables from the same payees (Business to consumer with right to object)

  • BDD: Collect regular receivables from the same payees (Business to business without right to object)

Major advantages

  • Improved liquidity planning through incoming payments arriving on time

  • Streamlined monitoring of accounts receivable and reminder process

  • Reduction of administrative burden for both you and your clients

  • Delivery possible via UBS KeyDirect or Swiss Interbank Clearing AG

  • As with BESR, incoming payments can be monitored electronically via UBS e-banking and UBS KeyDirect

  • Collections possible in CHF and EUR

Requirements

If LSV file is delivered via UBS KeyDirect:

  • Legal acknowledgement to UBS of LSV+/BDD conditions

  • A UBS account

  • A direct debit authorization (CHF or EUR) from any client from whom the beneficiary wishes to collect payments in Swiss francs or euros via LSV+/BDD

  • Your clients must have an account with a bank in Switzerland or Liechtenstein

  • Accounts receivable bookkeeping with a UBS KeyDirect and LSV+/BDD interface

  • If the bookkeeping program does not feature a UBS KeyDirect interface, an LSV+/BDD entry program may be used. In this case, data are transmitted via Swiss Interbank Clearing AG's payCOMweb.

 

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