what is Issuing or opening bank:

Business & Finance
Tutor: None Selected Time limit: 1 Day

what is Issuing or opening bank:

Dec 21st, 2014

Issuing or opening bank: Buyers or importers bank which establishes ( opens) a L/C in favor of a beneficiary ( seller or exporter), forwards it to an advising bank for delivery to the beneficiary and commits itself to honor demand drafts drawn by the beneficiary against the amount specified in the L/C.

Dec 21st, 2014

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Dec 21st, 2014
...
Dec 21st, 2014
Dec 6th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer