The short versiion... bills that aresubmitted to a bank from another bank for collection and payment.
it is vise versa of OBC
Outward bills for collection is a process in domestic sales where the bank collects payments. Export documents are presented by the seller of goods to the buyer's bank for payment.
yes return inward is a liability..therefore must be credited
An "inward" is one you receive that you need to pay. An "outward" is one you prepare and send to someone to pay you.
Inward clearing is a term used in banking. This term describes when a bank receives one of their checks from another bank for processing.
it is vise versa of OBC
It is a collection of interconnected documents and other resources, linked by hyperlinks and URLs
A Canon
The web
A file, or a dossier.
Inward clearing means the checks drawn by the bank from the other banks. These checks are drawn by the bank/branch customers on their account in favor of other parties.
DOP will mean that the instructions by an exporter to a bank that the documents attached to the draft for collection are deliverable only after his or her payment of the draft. DOA will mean that the instructions by an exporter to a bank that the documents attached to the draft for collection are deliverable after his or her acceptance of the goods.
An authoritative collection of documents is called a corpus. This corpus is usually compiled for research or reference purposes, and can consist of texts, articles, speeches, or other written materials.
Vvvv
Clip art
The World Wide Web.
The Pentagon Papers