Collecting bank: Difference between revisions
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imported>Doug Williamson m (Spacing) |
imported>P.F.cowdell@shu.ac.uk m (Categorise the page) |
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== See also == | == See also == | ||
* [[Documentary collection]] | * [[Documentary collection]] | ||
[[Category:Trade_Finance]] | |||
[[Category:Credit_Risk]] | |||
[[Category:Managing_Risk]] | |||
Revision as of 12:22, 13 August 2014
International trade.
In a transaction involving a documentary collection, the remitting bank’s correspondent, which is responsible for contacting the buyer (importer), collecting the amount due, and releasing documents as instructed.
