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...
ICC Uniform Rules for Forfaiting (URF 800)

ICC Uniform Rules for Forfaiting (URF 800)

Forfaiting means the sale by the seller and the purchase by the buyer of the payment claim on a without recourse basis. In other words,...
How Forfaiting Works?

How Forfaiting Works?

Forfaiting is an international supply chain financing methods. Forfaiting means the discount of future payment obligations on a without recourse basis. In other words, forfaiting is...
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