There are five parties concerned with a
collection, the customer, the remitting bank, the presenting bank and the
drawee. The customer is the principal who entrusts the operation of collecting
to his bank, which is the remitting bank. The collecting bank is any bank, other
than the remitting bank, involved in processing the collection order, and the
presenting bank is the collecting bank making presentation to the drawee--more
than one collecting bank may be involved in collecting a bill and it is the bank
that actually presents the bill to the drawee for acceptance/payment that is the
presenting bank. The drawee is the person specified as the one to whom the
financial document and/or commercial documents is to be presented. A collecting
bank must be sent a collection order with the documents concerned, and this must
give complete and concise instructions. It will in fact incorporate, all the
instructions contained in the application form. Banks are only permitted to act
upon instructions given in such an order and must advise the remitting bank
immediate if they can not comply with the instructions contained in the
order.
单选题
The remitting bank in the procedure of a collection may not be the collecting bank.
【正确答案】
A
【答案解析】从文中第三句话The collecting bank is any bank, other than the remitting bank…可以倒推出。
单选题
As for a collection, the presenting bank makes presentation to the drawer for acceptance/payment.
【正确答案】
B
【答案解析】从文中it is the bank that actually presents the bill to the drawee for acceptance/payment that is the presenting bank可以得知是"drawee"，而非"drawer"。
单选题
The collecting bank only acts upon the instructions given in the collection order of the presenting bank.
【正确答案】
B
【答案解析】从文中最后一句话Banks are only permitted to act upon instructions given in such an order…再结合前一句话中的a collection order with the documents concerned，因此并非只执行"the collection order of the presenting bank"。