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.
The ICC claims that the data verifies trade finance as presenting banks with little credit risk.