Collecting bank and Deposit account: Difference between pages

Latest revision as of 14:26, 6 July 2022

An interest-bearing account, usually with a bank.

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-''International trade''.
+An interest-bearing account, usually with a bank.
-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.
 == See also ==
-* [[Documentary collection]]
+* [[Account]]
+* [[Current account]]
+* [[Demand deposit account]]
+* [[Time deposit account]]
-[[Category:Manage_risks]]
+[[Category:Cash_management]]
-[[Category:Risk_frameworks]]
+[[Category:Liquidity_management]]
-[[Category:Trade_finance]]