Remitting Bank definition

Remitting Bank means DBS Bank Ltd, United Overseas Bank Limited, Oversea-Chinese Banking Corporation Limited, or one of the following foreign full banks licensed by the Monetary Authority of Singapore with Qualifying Full Bank privileges: .  Australia and New Zealand Banking Group Limited, Singapore Branch; Bank of China Limited, Singapore Branch; BNP Paribas, Singapore Branch; Citibank Singapore Limited; HSBC Bank (Singapore) Limited; ICICI Bank Limited, Singapore Branch; Industrial and Commercial Bank of China Limited, Singapore Branch; Malayan Banking Berhad, Singapore Branch; and, State Bank of India, Singapore Branch.
Sample 1Sample 2Sample 3
Remitting Bank means any payor or intermediary bank remitting for an item.
Sample 1Sample 2Sample 3
Remitting Bank means Beneficiary Bank with IRCTC Account to which RDS amount is deposited by RDS Account Holders
Sample 1

Examples of Remitting Bank in a sentence

  • No. Txn Date: Remitting Bank: Remitting Bank IFSC Code: Beneficiary Account: Bank of Baroda, Bank Account No. 29040400000417Beneficiary Bank IFSC Code: BARB0BANEASThe details of the transaction viz.

  • The Subscriber consents to the release by the Remitting Bank from which the subscription was made to the Company and/ or the Administrator or other service provider of all evidence of the Subscriber’s identity which said bank/ financial institution shall have retained.

  • The Subscriber consents to the release by the Remitting Bank from which the subscription was made to the Company and/or the Administrator or other service provider of all evidence of the Subscriber’s identity which said bank / financial institution shall have retained.

  • Documents against acceptance (D/A) – Remitting Bank hands over documents to the importer only upon acceptance of accompanying draft.

  • Collection - the Bank’s obligation specified by the terms and conditions of the Agreement to ensure directly and/or through the Remitting Bank: (a) delivery of the Collection Order to the Remittee; (b) issue a Commercial Document to the Remittee against the payment or/and performance of other terms and conditions by the Remittee and (c) transfer of the Collection Amount or Document (if any) from the Remittee to the Customer.

  • The Customer is entitled to terminate the Agreement before expiration of the Collection term and before submission of the Collection by the Bank to the Remittee or to the Collection Remitting Bank provided that the Customer has no outstanding obligations before the Bank under the Agreement.

  • Collection Amount - the amount specified in the Collection Agreement and the related payments (interest) to be paid by the Remittee to the Bank or Remitting Bank against the Collection Document.

  • Collection Remitting Bank - a Collecting Bank and/or Presenting Bank.

  • In the event the Client requests the Bank to undertake the Collections for its import transactions under the Documentary Collections route or the Remitting Bank of the Client’s exporter present the documents for collection under URC 522, then the Bank will only accept the transaction or agree to provide Trade Service on the irrevocable understanding that a.

  • Client agrees and confirms that the Bank shall not have any duty or obligation to check or review the documents so received from the Seller’s bank i.e. Remitting Bank as to whether they meet the requirements and standards stipulated under the collection documents or not; or required to give or view or opinion in that regard.


More Definitions of Remitting Bank

Remitting Bank means a bank that the Principal has entrusted with the handling of Documents.
Sample 1
Remitting Bank means the bank or financial institution from which a Subscriber’s subscription monies are sent to the Company;
Sample 1
Remitting Bank means the member bank where the account of a remitting customer is held;
Sample 1
Remitting Bank means any payor or intermediary bank remitting for an item. "§ 25-4-106. Payable through or payable at bank; collecting bank.
Sample 1

Related to Remitting Bank

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Collecting bank means a bank handling the item for collection except the payor bank.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Non-BA Lender means a Lender that cannot or does not as a matter of policy accept or purchase Bankers’ Acceptances.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Bank is defined in the preamble hereof.

  • L/C Lender a Lender with an L/C Commitment.

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Administrative Agent's Payment Office means the address for payments set forth on the signature pages hereof in relation to the Administrative Agent or such other address as the Administrative Agent may from time to time specify in accordance with Section 10.01.

  • Terminated Lender as defined in Section 2.23.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Delinquent Lender has the meaning provided in SECTION 8.15.

  • Selling Lender has the meaning specified in Section 11.7 (

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.