What are the Differences Between Confirming Bank and Nominated Bank?
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In theory, it is possible that a nominated bank and a confirming bank are present as two separate banks in a letter of credit transaction. ...
What are the Differences Between Advising Bank and Nominated Bank?
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In most cases, the advising bank and the nominated bank is the same institution in a typical letter of credit transaction. Only in rare oc...
Nominated Bank
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On this article you can find the definition of a nominated bank, its roles and responsibilities in a typical letter of credit transaction. ...
Confirming Bank
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On this article you can find the definition of a confirming bank, its roles and responsibilities in a typical letter of credit transaction. ...
What are the Differences Between Advising Bank and Issuing Bank?
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On this article you can find not only the definition of an advising bank and an issuing bank, but also their differences in a typical letter...
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