Common use of Presenting Bank Clause in Contracts

Presenting Bank. a banking institution designated by the Bank or Collecting Bank that submits a Collection Order to the Remittee and/or ensures the Collection Payment and/or performance of other conditions against the Collection Document.

Presenting Bank. a banking institution designated nominated by the Bank or the Collecting Bank that submits a Bank, which presents the Collection Order to the Remittee Receiver and/or ensures in exchange for the Cash Letter the Collection Payment and/or performance fulfillment of other conditions against the Collection Documentconditions.