0
Add your answer:
Earn +20 pts
What is the Reimbursing Bank under a letter of credit?
In letter of credit (L/C) arrangements, the bank (often, but not always the issuing bank) that serves as a source of funds for payment to the L/C's beneficiary.
What banks in china do not accept kunlun bank?
Dear Sir/Madam, Do Kun Lun Bank accept L/C from Iranian Bank yet? I heard this bank accept L/C with a special Fee. Please reply soon Masoumeh info@zarrinfoolad.com
What does 50 l mean?
C
What is the geometry shape for CHI3?
do you mean H H l l H-C-C-H l l H H
What is the mean by 11.9.19.19?
l p c
What does 4 c l is g l mean?
if the question were 4 l c is g l then it would be 4 leaf clover is good luck
What is presentation of documents under a letter of credit under reserve?
Provisional payment made to the beneficiary of a letter of credit (L/C) where the documents submitted under the L/C has discrepances. If the issuing bank reject the docs, the nego bank can claim the money back from the beneficary. Here the exposure of the bank will be on the beneficary and not the issuing bank.
What does this mean N A E L C?
Clean
What do the following letters mean L L L L T C?
LLLLTC is not a valid roman numeral. T is not a roman numeral character, nor would you preceede C with more than one L. C = 100 L = 50
What is the function of a correspondent bank?
Correspondent banking devision basically focus on relationship management and business development on a global basis for the following business of a bank. - Remittance - Clean Collection - Documentary Collection - Issusing and advising L/C - Confirmation of L/C - Reimburshment of L/C - Credit Line for trade finance & treasury operations - Bills discounting and rediscounting
What are the Formalities involved in documentary credits?
Documentary credit usually l/c (letter of credit) issued by importer bank to exporter through exporter bank, a guarantee to pay upon accomplishing the terms mentioned in the letter of credit. To establish a l/c, buyer has to approach his bank with the seller contract/proforma.
What does l c d mean?
Liquid Crystal Diode.
