What's New? Checks for Forward Collection
Monday, February 16, 2015 at 4:49PM
Banking Spectrum in Compliance, What's New

Forward collection is the process by which a bank sends a check to a collecting bank for settlement or to a paying bank for payment. While domestic items are subject to Regulation CC, foreign items are subject to rules established by the International Chamber of Commerce. Read more in the new Gold Book section titled, Checks for Forward Collection.

Article originally appeared on Banking Spectrum (http://www.bankingspectrum.com/).
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