Presenting bank means a bank presenting an item except a payor bank.
Presenting bank means a bank or other depositor of a Federal Reserve Bank which presents Disbursement Postal Money Orders to and receives credit therefor from a Federal Reserve Bank.
Presenting bank means a branch of any bank where the cheques are presented for
Examples of Presenting bank in a sentence
Presenting bank" means a bank presenting an item except a payor bank.
Presenting bank CHI shall receive the return exchange file/s for each return session containing the returns on the presentation lodged by them.
Executive Director of the United Nations Children’s Fund (UNICEF)), panellist, said that that the ongoing COVID-19 pandemic had created a global education crisis.
In case of delay in payment for more than 3 (three) banking days, the Presenting bank shall revert the original documents to the Seller’s bank which will revert the documents to the Seller itself.
Presenting bank – in a draft collection transaction, the bank that contacts the drawee, generally the buyer of goods, for acceptance and/or payment.
More Definitions of Presenting bank
Presenting bank means a bank presenting an item except a payor bank. [C66, 71, 73, 75, 77, 79, 81, § 554.4105] 94 Acts, ch 1167, §82, 122 554.4106 Payable through or payable at bank collecting bank. 1. If an item states that it is "payable through" a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank. 2. If an item states that it is "payable at" a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank. 3. If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank. 94 Acts, ch 1167, §87, 120, 122554.4107 Separate office of a bank. A branch or separate office of a bank is a separate bank for the purpose of computing the time within which and determining the place at or to which action may be taken or notices or orders must be given under this Article and under Article 3. [C66, 71, 73, 75, 77, 79, 81, § 554.4106] 94 Acts, ch 1167, §83, 120, 122 C95, §554.4107554.4108 Time of receipt of items. 1. For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of two p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books. 2. An item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day. [C66, 71, 73, 75, 77, 79, 81, § 554.4107] 94 Acts, ch 1167, §84, 120, 122 C95, §554.4108554.4109 Delays. 1. Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may waive, modify, or extend time limits imposed or permitted by this chapter for a period not exceeding two additional banking days without discharge of drawers or endorsers or liability to its transferor or a prior party. 2. Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by this chapter or by instructions is excused if (i) the delay is caused by inter...
Presenting bank means a bank that presents a money order to and receives credit for the money order from a Federal Reserve Bank.
Presenting bank means a bank presenting an item except a payor bank. [C66, 71, 73, 75, 77, 79, 81, §554.4105]
Presenting bank means a bank pre- senting an item except a payor bank. [1961 c.726 §74.1050; 1993 c.545 §76; 1997 c.631 §380]
Presenting bank means a bank presenting an item except a payor bank. (1965, c. 700, s. 1; 1995, c. 232, s. 2.)
Presenting bank means a bank presenting an
Presenting bank means a bank presenting an item except a payor bank. Formerly: Acts 1963, c.317, s.4-105. As amended by P.L.152-1986, SEC.210; P.L.222-1993, SEC.10; P.L.79-1998, SEC.28.