Home » Collection parties

Collection parties

Parties are in collection process:

Principal who is the gathering entrusting the handling the collection process to a bank; remitting bank which is the bank to which the principal or main has depended the handling of collection.

Collecting bank which is any bank, other than the remitting bank, associated with preparing the collection; Presenting bank which is the collecting bank making presentation to the drawee.

RSS
Facebook
Twitter
YouTube
Pinterest
LinkedIn
Instagram