Reforms Banking

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Issue:

Miscellaneous

 

Written by:

Pedro W

 

Date added:

April 5, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 533

 

Was viewed:

9414 times

 

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Essay content:

The seller must merely comply with the terms and conditions of the credit in order to receive payment. Confirmed Credit In some instances, exporters may request a credit to be confirmed by another bank, (usually a bank in their own country). If a bank adds its confirmation to a credit, it means that it is obliged to pay if the terms and conditions of the credit are complied with...
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If a bank adds its confirmation to a credit, it means that it is obliged to pay if the terms and conditions of the credit are complied with. This obligation to pay exists even if the issuing bank or country defaults. Payment Credit This is available for payment at the tellers of the paying bank, as nominated in the credit...
displayed 300 characters

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