Home › Forums › Education

Type of Banks

18 replies [Last post]
Thu, 10/30/2008 - 11:29
warlord9609
Offline
Joined: 10/28/2008
Posts:
Printer-friendly versionPDF version

i hear many bank types in my LC department, please guide me what are those bank, for example issuing bank has another names, for instance, applicant bank.

 

Now I want to know what are these banks

Collecting bank - paying bank., are these names only use for Lcs?

 

thanks

‹ Certificate Course in International Trade electronic business school international ›
Top
Thu, 08/19/2010 - 03:48
#1
colomentin
Offline
Joined: 08/16/2010
Posts:
In this the payment is

In this the payment is release to Beneficiary on
presentation of documents. In this beneficiary draws the bill of exchange on
issuing bank and allows some time for
acceptance.  Is same as Acceptance Credit except there is no
bill of exchange .

__________________

Cheap Credit Cards  |  Guaranteed High Risk Loans

Top
Fri, 07/02/2010 - 03:40
#2
fork
Offline
Joined: 06/15/2010
Posts:
can you tell me about the

can you tell me about the collection bank?
Recharge your Trade Show Booths trade show booth with Trade Show Displays from Exhibit Wholesale. Visit our site for the trade show exhibit products and accessories we offer.

Top
Tue, 08/03/2010 - 23:53
#3
laxman12 (not verified)
International finace.

eduction loans provide by state bank of INDIA.

THANKS.

REGARDS

www.guidebuddha. coc.

Top
Sat, 09/18/2010 - 04:06
#4
john12
Offline
Joined: 09/01/2010
Posts:
Take a look at some of the

Take a look at some of the essential information necessary to get school grants and make your education something affordable.
grants for nurse

Top
Tue, 08/03/2010 - 23:43
#5
laxman12 (not verified)
international finace

diaplays from wholesale.

visit our site.

www.guidebuddha.com

Top
Tue, 08/03/2010 - 23:40
#6
laxman12 (not verified)
international finace

yes go to the canarbank is collection bank.

thanks

regards.

www.guidebuddha.com

Top
Thu, 10/30/2008 - 12:24
#7
admin
Offline
Joined: 05/06/2007
Posts:
type of banks

Warlord,

it is a good idea to read the UCP 600 (or if you want the UCP 500 which you will find above under the articles tab) to familiarize yourself with the various functions a bank can exercise in an LC transaction.

Issuing bank: issues lc upon application from the Applicant,

Confirming bank: undertakes a separate payment obligation independent of issuing bank to honor docs upon proper presentation,

Advising bank=mailman: tells the beneficiary that an LC has been openedn to his benefit,

Accepting bank: accepts drafts from the beneficiary, negotiating bank: negotiates drafts from the beneficiary...

Top
Tue, 08/03/2010 - 23:47
#8
laxman12 (not verified)
international finace

issuing bank : lc upon application for the applicant.

thanks.

regards.

wwww.guidebuddha.com

Top
Thu, 10/30/2008 - 22:30
#9
smmujeeb
Offline
Joined: 07/29/2008
Posts:
Types of banks

Nominated bank : means the bank with which the credit is available or any bank in the case of a acredit avaialble with any bank

Negotiating bank : means negotiates drafts from beneficiary or purchase of documents, by advancing or agreeing to the advance funds to the beneficiary on or before the banking day on which reimbusement is due to the nominated bank.

Top
Tue, 08/03/2010 - 23:50
#10
laxman12 (not verified)
International finace.

hay friend w you want need types of banks.

state bank of INDIA which the credit.

thanks.

regards.

www.gudidebuddha.com

Top