In a draft collection transaction, the bank that contacts the drawee, generally the buyer of goods, for acceptance and/or payment.
The bank that requests payment of a collection bill. This may be the collecting bank, its nominated branch or its local correspondent, whichever party is best located to contact the importer.
Under Article 4 Bank Deposits And Collections, this is any bank presenting an item except a payor bank.
The bank responsible for contacting the buyer (importer) and submitting documents for payment or payment acceptance. See collecting bank.
The bank that presents a bill of exchange to a drawee for payment or acceptance.
The bank that presents an import draft or documents to the importer against payment or acceptance
The bank which receives the collection from the remitting bank and presents it to the importer (usually the importer's bank). If, apart from the remitting bank, no other bank is involved in the Collection, the presenting bank is also known as the collecting bank.
The bank that requests payment of a collection bill - may be the Collecting Bank or its nominated branch or local correspondent, which is better placed to contact the importer.
In a collection, bank that presents documents to a buyer for payment or acceptance.
