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.
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Remitting Bank means any payor or intermediary bank remitting for an item.
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Remitting Bank means the bank or financial institution from which a Subscriber’s subscription monies are sent to the Company;
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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.

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

  • 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.

  • 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.

  • Services provided by Bank Danamon to exporter customers to handle documents from the documentary collection where Bank Danamon serves as Remitting Bank, which will send the documents received from drawer (exporter) to Collecting Bank.

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

  • 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.

  • 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.


More Definitions of Remitting Bank

Remitting Bank means a bank that the Principal has entrusted with the handling of Documents.
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Remitting Bank means any payor or intermediary bank remitting for an item. "§ 25-4-106. Payable through or payable at bank; collecting bank.
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Remitting Bank means the member bank where the account of a remitting customer is held;
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Remitting Bank means Beneficiary Bank with IRCTC Account to which RDS amount is deposited by RDS Account Holders
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Related to Remitting Bank

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Collecting bank means a bank handling the item for collection except the payor bank.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Bank is defined in the preamble hereof.

  • L/C Lender a Lender with an L/C Commitment.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Terminated Lender as defined in Section 2.19.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Delinquent Lender has the meaning provided in SECTION 8.15.

  • Selling Lender has the meaning specified in Section 11.7 (

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.