Collecting bank means the intermediary appointed by the Issuer to withdraw the funds deriving from corporate events;
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.
Collecting bank: A bank that acts as an agent for a remitting bank that wishes to have its collections handled.
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.
Collecting bank – any bank other than the remitting bank involved in the collection of a draft and/or documents.
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 collecting payment of a cheque or other document contemplated in section 81;
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;