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 ?
Linklaters advised J.P Morgan, acting as the presenting bank alongside BNP Paribas, in relation to a potential takeover bid, followed by a squeeze-out targeting shares in the SFR group initiated by Altice.
Going forward, it will also be possible to validate the cheque at source either through self-service or at presenting bank using the Quick Response (QR) code," the bank said.
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.
BNP Paribas is acting as financial advisor and presenting bank. Skadden, Arps, Slate, Meagher & Flom LLP is acting as outside legal counsel to Stryker.
The ICC claims that the data verifies trade finance as presenting banks with little credit risk.