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- Trade finance India

  • Advising bank means the bank that advises the credit at the request of the issuing bank.
  • Applicant means the party on whose request the credit is
  • Beneficiary means the party in whose favour a credit is
  • Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation. Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank’s authorization or
  • Issuing bank means the bank that issues a credit at the request of an applicant or on its own
  • Negotiation means the purchase by the nominated bank of drafts (drawn on a bank other than the nominated bank) and/or documents under a complying presentation, by advancing or agreeing to advance funds to the beneficiary on or before the banking day on which reimbursement is due to the nominated
  • Nominated bank means the bank with which the credit is available or any bank in the case of a credit available with any

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Trade Finance IndiaHeadquarters
“When it comes to money, ignorance is NOT bliss. What you don't know CAN hurt you.”
OUR LOCATIONSWhere to find us?
https://tradefinanceindia.com/wp-content/uploads/2019/04/img-footer-map.png
Singapore
London
Dubai
GET IN TOUCHTFI Social links

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