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.