Payable through draft: Difference between revisions
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(PTD). A draft that is only payable via a nominated bank. | (PTD). | ||
A draft that is only payable via a nominated bank. | |||
Depending on the conditions attached to the draft, the nominated bank may be the paying bank or only act as the collecting bank that presents the draft for payment. | Depending on the conditions attached to the draft, the nominated bank may be the paying bank or only act as the collecting bank that presents the draft for payment. | ||
== See also == | == See also == | ||
* [[Draft]] | * [[Draft]] | ||
[[Category:Cash_management]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 21:18, 1 July 2022
(PTD).
A draft that is only payable via a nominated bank.
Depending on the conditions attached to the draft, the nominated bank may be the paying bank or only act as the collecting bank that presents the draft for payment.
