Collecting bank: Difference between revisions
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== See also == | == See also == | ||
* [[Correspondent bank]] | |||
* [[Documentary collection]] | * [[Documentary collection]] | ||
Latest revision as of 14:26, 24 April 2019
International trade.
In a transaction involving a documentary collection, a collecting bank is the remitting bank’s correspondent, which is responsible for contacting the buyer (importer), collecting the amount due, and releasing documents as instructed.
