„Direct Mail Collection (DMC)“
What does Direct Mail Collection (DMC) stand for?
A seller may forward his documents and instructions for collecting payment directly to a collecting bank in a foreign country, without going through the intermediary of the seller’s own domestic bank.
Source:
Market and Trade AnalysisView all itemsMadura, Jeff. “International Financial Management.” Cengage Learning, 11th Edition, 2011, pp. 562-563.
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