Reverse exchange - Gyakukawase

Japanese: 逆為替 - ぎゃくかわせ

A method of foreign exchange settlement in which a creditor collects a claim against a debtor through a bank. Also called a collection foreign exchange. Also called a buying foreign exchange from the bank's perspective. Usually, the creditor issues a bill of exchange addressed to the debtor, which is then discounted or collected by the local bank, and the bank sends the bill to the head office or branch office of the debtor's local bank or to the bank where the creditor resides, requesting payment. A documentary bill is a typical example. →Remittance foreign exchange→Related topics Foreign exchange

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

債権者が債務者に対する債権を銀行経由で取り立てる為替決済の方式。取立為替とも。また銀行側からみて買為替とも。普通，債権者が債務者あての為替手形を振り出し，これを所在地の銀行で割り引くか取立依頼をし，銀行は手形を支払人たる債務者所在地の本支店または取引銀行に送付し支払を求める。荷為替手形が典型。→送金為替
→関連項目為替

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