Definition of Direct Mail Collection (DMC)

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TeachMeFinance.com - explain Direct Mail Collection (DMC)



Direct Mail Collection (DMC) -- 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.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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