Remitting Bank definition

Remitting Bank means DBS Bank Ltd, United Overseas Bank Limited, Oversea-Chinese Banking Corporation Limited, or one of the following foreign full banks licensed by the Monetary Authority of Singapore with Qualifying Full Bank privileges: .  Australia and New Zealand Banking Group Limited, Singapore Branch; Bank of China Limited, Singapore Branch; BNP Paribas, Singapore Branch; Citibank Singapore Limited; HSBC Bank (Singapore) Limited; ICICI Bank Limited, Singapore Branch; Industrial and Commercial Bank of China Limited, Singapore Branch; Malayan Banking Berhad, Singapore Branch; and, State Bank of India, Singapore Branch.

Remitting Bank means any payor or intermediary bank remitting for an item.

Remitting Bank means the bank or financial institution from which a Subscriber’s subscription monies are sent to the Company;

Examples of Remitting Bank in a sentence

• Collection Amount - the amount specified in the Collection Agreement and the related payments (interest) to be paid by the Remittee to the Bank or Remitting Bank against the Collection Document.

• The Customer is entitled to terminate the Agreement before expiration of the Collection term and before submission of the Collection by the Bank to the Remittee or to the Collection Remitting Bank provided that the Customer has no outstanding obligations before the Bank under the Agreement.

• Collection - the Bank’s obligation specified by the terms and conditions of the Agreement to ensure directly and/or through the Remitting Bank: (a) delivery of the Collection Order to the Remittee; (b) issue a Commercial Document to the Remittee against the payment or/and performance of other terms and conditions by the Remittee and (c) transfer of the Collection Amount or Document (if any) from the Remittee to the Customer.

• Collection Remitting Bank - a Collecting Bank and/or Presenting Bank.

• Remitting Bank Account Title Account No. Do you maintain an account with MCB Yes NoIf yes, please write your account no.

• Collection Remitting Bank – Collection Bank and/or Presenting Bank.

• No. Txn Date: Remitting Bank: Remitting Bank IFSC Code: Beneficiary Account: Bank of Baroda, Bank Account No. 29040400000417Beneficiary Bank IFSC Code: BARB0BANEASThe details of the transaction viz.

• Export Documentary collection is the processing of documents by the Exporter and the dispatch of documents to the Remitting Bank.

• Remitter Address Currency and Amount Remitting Bank and Branch Address 19.

• Incoming Collection Services (ICS)Services provided by Bank Danamon to handle document collection under documentary collection payment method sent by Remitting Bank to Bank Danamon, which serves as the Collecting Bank or Presenting Bank.

More Definitions of Remitting Bank

Remitting Bank means any payor or intermediary bank remitting for an item. "§ 25-4-106. Payable through or payable at bank; collecting bank.

Remitting Bank means the member bank where the account of a remitting customer is held;

Remitting Bank means a bank that the Principal has entrusted with the handling of Documents.

Remitting Bank means Beneficiary Bank with IRCTC Account to which RDS amount is deposited by RDS Account Holders