Essays Tagged: "Advising Bank"

Financial Statement analysis

transfers the credit to another party, then he is referred to as the first or original beneficiary.Advising Bank : An Advising Bank provides advice to the beneficiary and takes the responsibility for ... nk approves the credit risk of the buyer, issues and forwards the credit to its correspondent bank (advising or confirming). The correspondent bank is usually located in the same geographical location ...

(11 pages) 2 0 0.0 Mar/2014

Subjects: Businesss Research Papers > Accounting