Parties to letter of credit 
Understanding duties and responsibilities of a letter of credit transaction participants - Issuing Bank

Presentations - Parties to letter of credit 
Issuing Bank
Issuing Bank is the bank that issues a letter of credit at the request of an applicant or its own behalf.
Letter of credit is issuing bank’s payment promise against a complying presantation.
Most of the time issuing banks receive the conditions of the letters of credit from applicants through LC Application Forms.
Once an issuing bank opens an LC it undertakes to honor a complying presentation of the beneficiary without recourse. 

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