In a draft collection transaction, the first bank in the chain of collection, i.e., the principal's or seller's bank.
a) Collection transactions: The exporter's bank, which remits the bill to the collecting bank. b) DC transactions: The exporter's bank, which dispatches the documents to the issuing bank.
Under Article 4 Bank Deposits and Collections, any payor or intermediary bank remitting for an item.
The bank that sends the draft to the overseas bank for collection.
In a transaction involving a documentary collection, refers to the bank institution that is responsible for sending a draft overseas for collection.
The exporterÂ's bank in collection and documentary credit transactions, which remits the bill of exchange to the collecting bank or which dispatches documents to the issuing bank of the credit.
The bank that sends the collection documents on behalf of the exporter
The bank to which the exporter has entrusted the handling of the Collection (often the exporter's bank).
The exporter's bank in collection transactions, which remits the bill to the collecting bank. The exporter's bank in DC transactions, which dispatches the documents to the issuing bank.
In a collection, bank who remits the documents overseas and in due course receives payment.
A documentary collection term meaning a bank to which the exporter has forwarded his shipping documents for the purpose of collection. This bank is located in the exporter's country.
The bank instructed to handle collections, which in turn instructs the collecting bank. Français: Remitting Bank Español: Banco remitente