Collyer Consulting

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Autumn & Winter Newsletter added to the Member Information section 08/10/2021

The latest newsletter providing details of the Opinions approved by the ICC at its meeting on 6 October, together with an update on the release of the new Uniform Rules for Digital Trade Transactions can be found in the Members Information section under the Newsletters / Articles / External Publications tab...more

News round-up – 1 October 2021 01/10/2021

New rules to govern digital trade enter into force today! The newly approved Uniform Rules for Digital Trade Transactions are officially released and enter into force today, 1 October 2021...more

Latest Question

In a documentary collection, I would like to understand the process of the remitting bank choosing the collecting bank. (a) I suppose that the remitting bank sends systematically the documents plus instructions to one of its correspondent banks in the buyer’s country and then this bank becomes the collecting bank. If the correspondant bank (which is the collecting bank) is the bank of the buyer, then the collecting bank becomes the presenting bank If the collecting bank is not the bank of the buyer, then the collecting bank will send the documents to the buyer’s bank. It means that there will be a collecting bank and a presenting bank which are different Do you agree with me? (b) Where the buyer’s bank is not a correspondent of the remitting bank, is it possible that the remitting bank sends the documents plus instructions directly to the buyer’s bank in order to present them to the client?

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Recent News

Autumn & Winter Newsletter added to the Member Information section 08/10/2021

News round-up – 1 October 2021 01/10/2021

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