Presenting Bank

Presenting Bank

A bank that gives a demand for payment to another bank. For example, the presenting bank may submit a check to another bank and receive payment. The presenting bank does this if the financial instrument is drawn on another bank.
References in periodicals archive ?
Morgan Stanley, acting as presenting bank, guarantees the terms and the irrevocable character of the undertakings made by the Offeror.
The process of clearing will not change except that the exchange of physical cheques will be eliminated and replaced by the digital images of the cheques which will be transmitted electronically by the presenting bank to the paying bank through the Clearing House.
Contractors generally get 20 percent of project costs in the first installments that they receive on presenting bank guarantees.
Evans has tried out for Radio 2 over the past few months by presenting Bank Holiday specials and co-hosting its Live 8 coverage.
Simons Professor of Business at the University of Kentucky for the last 33 years, says he was teaching a marketing class at the ABA Stonier Graduate School of Banking in 1971 when he received an invitation to act as a teaching "resource" for bankers who were presenting bank marketing case studies at the Bank Marketing School, which had only recently moved to Colorado.
A presenting bank and a paying bank may agree that presentment takes place when the paying bank receives an electronic transmission of information describing the check rather than upon delivery of the physical check.
A Discover Wall digitally presenting bank products and services for customers to peruse before printing or emailing any items of interest.
The presenting banks are small and mid-cap banks conducting their operations primarily in the Midwest region of the United States.
Nineteen presenting banks sponsor the Midwest 2008 Super-Community Bank Conference.
Twenty-two presenting banks sponsor the Midwest 2007 Super-Community Bank Conference.
Nasdaq: UCBI), announced that they will participate in the Southeast 2003 Super-Community Bank Conference sponsored by the fourteen presenting banks on February 5 and 6, in Arlington, Virginia.
The Conference is sponsored jointly by the presenting banks, speaking to an audience of institutional investors, high net worth individuals, and analysts from leading brokerage firms.