Presenting Bank

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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 ?
Cyril Abtan, partner, dealt with the aspects of the counter-guarantee for the presenting banks.
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.
United Kingdom : Linklaters advised J.P Morgan in relation to a potential takeover bid, followed by a squeeze-out targeting shares in the SFR group initiated by Altice
The ICC claims that the data verifies trade finance as presenting banks with little credit risk.
Trade finance continues to be low risk
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