presenting bank vs collecting bank

[ofei]

As we know, the collecting bank and the presenting bank may be different banks. But in the stipulations of URC522, quite a lot of stipulatations are for presenting bank, such as " Advice of Non-payment and/or Non-acceptance","Charges and Expenses" etc. I am puzzled if the presenting bank it refers to is also the collecting bank. If not, won't the collecting bank collect fees? And why can't I find the relative stipulations regulating the charges collected by the collecting bank?

Your comments appreciated.

Ofei

[iLC]

dear ofei,

my understanding says that presenting bank is also a collecting bank. URC 522 3a4

IV. the "presenting bank" which is the collecting bank making presentation to the drawee.

[ofei]

Dear iLC,
Though URC522 seems to admit presenting bank is also the collecting bank. But here in China, most textbooks state that the presenting bank and collecting bank may either be the same bank or different banks. How to explain? Still puzzled... :?

Ofei

[iLC]

i can understand the point of views of those author. In fact I have seen a number of materials giving similar statement and I don’t disagree with them. They are classifying the URC operation by the time of their occurrence. Certainly the presetting bank occurs after the collecting bank and that leaves a chance for the presenting bank and collecting bank to be different. But this is an elementary idea and has a logical error. One need to understand that a collecting bank, at any stage of the collection process, will always treat a incoming collection document as if it has been received from a remitting bank. Thus any bank other than the remitting bank becomes a collecting bank. The presenting bank is also therefore a collecting bank but present the document to the drawee instead of another collecting bank.