Tuesday, August 16, 2022
banks in letters of credit

Banks in Letter of Credit

Banks play a key role in letters of credit transactions. They start and end the L/C operations. They also decide either refusal of the documents...
What does "with recourse" and "without recourse" mean in international letter of credit transaction?

What Does “With Recourse” and “Without Recourse” Mean in International Finance?

Recourse means the right to claim a refund of an amount paid in connection with the negotiation of a documentary credit or the discounting...
video

Nominated Bank

Nominated bank is another important yet not well understood term in international letter of credit transactions. May be the biggest contribution of this lack of...
- Advertisement -

MOST POPULAR

LATEST POSTS