Collecting bank definition

Collecting bank means a bank handling the item for collection except the payor bank.
Collecting bank means the intermediary appointed by the Issuer to withdraw the funds deriving from corporate events;
Collecting bank means a bank handling an item for collection except the payor bank; and

Examples of Collecting bank in a sentence

  • Bank, 440 N.W.2d 844 (Iowa 1989) (Collecting bank was on inquiry notice due to ambiguous Indorsements).

  • A Collecting bank may be requested by a Paying bank for the presentment of the physical cheque for verification.

  • Payment of insurance claims Government Collecting bank Negotiating bankPayer of export bills (importer)Drawer of export bill (export)Insurance contracts are concluded at The beginning to each fiscal year.

  • Inability todocumentary bills make paymentsng of documentary billsility to make remittancesInsurance contract(4)Notice(9) Payment of insurance claims Government Collecting bank Negotiating bankPayer of export bills (importer)Drawer of export bill (export)Insurance contracts are concluded at The beginning to each fiscal year.

  • In § 229.2, after paragraph (qq) add the following new paragraphs (rr) through (ddd), to read as follows:(rr) Collecting bank means any bank handling a check for forward collection, except the paying bank.


More Definitions of Collecting bank

Collecting bank means the main office of ______________________________ located at ___________________________________, or such other financial institution agreed to by Company.
Collecting bank means a bank handling an item for collection except the payer bank.
Collecting bank means a bank collecting payment of a cheque or other document contemplated in section 81;
Collecting bank means a bank handling an item for
Collecting bank means any bank handling a check for forward collection, except the paying bank.
Collecting bank means the entity appointed by the Issuer to withdraw the funds deriving from transactions on the capital handled as part of the Corporate Events Support Service;
Collecting bank means a bank collecting payment of a cheque or other