Essays Tagged: "Issuing Bank"

Financial Statement analysis

ment to beneficiary. LC is initiated and issued at his request and on the basis of his instructions.Issuing Bank (Opening Bank) : The issuing bank is the one which create a letter of credit and takes ... nk provides advice to the beneficiary and takes the responsibility for sending the documents to the issuing bank and is normally located in the country of the beneficiary.Confirming Bank : Confirming ...

(11 pages) 2 0 0.0 Mar/2014

Subjects: Businesss Research Papers > Accounting