Which one's Remitting and Collecting
Posted: Thu Mar 29, 2012 8:55 am
Dear experts,
What do we call :
1. exporter Bank that send the documents to the importer bank on a collection basis ?
2. the Bank that send the payment for the exporter Bank?
quite confusing for me
What do we call :
1. exporter Bank that send the documents to the importer bank on a collection basis ?
2. the Bank that send the payment for the exporter Bank?
quite confusing for me