nominator?

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hly2004

Banned
chinese
Hi, everyone;


If AA bank is entitled to receive payment on behalf of company BB,
Can I call AA the nominator, and BB the nominated unit?

Best wishes.
 
  • GEmatt

    Senior Member
    English/BE, Français/CH, Deutsch/CH (rustier & rustier)
    Hi hly2004,

    I'm a little :confused: .

    "AA bank is entitled to receive payment on behalf of company BB." Isn't this a simple (corporate) bank account relationship? If so, then with respect to an incoming payment for company BB, AA bank is simply the beneficiary bank*.

    I think! Maybe someone else could confirm..
    Bye,
    GEmatt

    *Perhaps beneficiary's bank is more accurate.
     

    hly2004

    Banned
    chinese
    Hi, Gematt, thanks.

    Here's another example:

    AA bank receives payment from customers who pay their phone bill to a telephone company. But the customers don't have to go to the telephone company to make payments, and they just have to pay the phone bills when they're depositing money in AA bank. I wonder how to describe the relationship between AA bank and the telephone company.
    I think "beneficiary" and "beneficiary's bank" may be ok
     

    GEmatt

    Senior Member
    English/BE, Français/CH, Deutsch/CH (rustier & rustier)
    I have a feeling it is. (I've never paid anyone directly for any of my bills (medical, insurance, telephone, utilities....)

    Having just checked my own statements:), company BB is simply the "beneficiary", and AA bank is the "beneficiary's bank". There may be other terms, of course, but that's what my bank calls it!

    Hope that helps,
    GEmatt
     
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