Monday, January 25, 2021
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When Issuing Bank is also Applicant of a Letter of Credit: Islamic Finance, Leasing...

Applicant means the party on whose request the credit is issued. Applicant is the importer in a typical international commercial letter of credit. Issuing bank...
parties to letter of credit

Parties to Letters of Credit

This page deals with the parties of the letter of credit. Main parties of a typical letter of credit transaction are applicant, beneficiary, issuing bank, confirming bank, nominated bank,...
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