answersLogoWhite

0

What is negotiating bank mean?

Updated: 9/11/2023
User Avatar

Wiki User

16y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is negotiating bank mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the role of the negotiating bank under the letter of credit?

the role of negotiating bank


What are the roles of partners in a documentary credit?

Banks -issuing bank -advising bank -negotiating exporter importer


What does credit card negotiation mean?

Credit card negotiation is when you contact the bank and negotiate your credit card debt. This can mean negotiating a payment plan or just trying to get the overall debt reduced.


What is the difference between restricted LC and confirmed LC?

A confirmed letter of credit is one where the exporter's bank asks for additional guarantee from another bank of its choice that if the buyer's bank is unable to honour it's obligations then the confirming bank will make the payment on the behalf of the buyer's bank. Here, the confirming bank may be in the same country as the exporter or a well reputed international bank.A restricted letter of credit is one in which the negotiation can only be done by the bank which is chosen by the bank issuing the LC. Authorization from the issuing bank to pay the beneficiary is restricted to a specific nominated bank. Meaning is that negotiating bank is only the bank which is nominated and no other bank is authorized to do the valuation of the LC other than the nominated bank. Thus, whereas the confirmed LC is one which requires authentication of payment of negotiated value(value arrived at by the negotiating bank) by the confirming bank( the respective trade documents along with the LC will pass from negotiating bank to confirming bank so that it can take note of the quantum of guarantee), the restricted LC only requires the valuation to be done by a specifically nominated negotiating bank. Here, in case of restricted LC, there is no guarantee involved from another bank as such to the exporter's bank that payment will be made. That guarantee can be there only when the LC is confirmed.Also, restricted LC is mainly focused on valuation of the LC, whereas confirmed LC is focused on additional payment guarantee from a bank of repute.I guess that should be the difference


How do you remove spouse from mortgage if divorcing?

The only way to remove your spouse is by refinancing the mortgage. Your attorney may be able to assist you in negotiating with the bank.


What are mortgage rates without the hidden fees?

Really, the banks are going to be your main option. Your best choice would be to try negotiating with your bank for a deal.


Is jp Morgan chase bank a participant in the cash for keys program for home owners and tenants?

Yes, at least in Michigan. We are negotiating right now.


When negotiating a deal for a used car do dealers lower the price if you can pay cash for it?

Answer: In some cases they may, but you have to understand that cash is cash. Whether it is from you, or a bank.


Can you receive a cheque if you don't have a bank account?

Yes, anyone can receive a check. If you do not have a bank account, your options for negotiating that check will be limited compared to someone who does have a bank account. You would have to go to the drawee bank to cash the check (often for a fee) or use a check cashing service (again, typically for a fee).


How easy is it to negotiate?

It depends on who you are negotiating with and how good you are at negotiating but as i don't really know you or the person you are negotiating with I can't tell if you will be any good at it


What does GA on a bank statement mean?

what does ga mean on bank statement


What idoes Mae mean on a bank statement?

MAE mean on a bank statement