A B C D E F G H I K L M N O P R S T U V
Ir Is

Issuance

The establishment of a letter of credit by the issuing bank (buyer´s bank) based on the buyer´s application and credit relationship with the bank. See letter of credit.

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Issue date

The date a letter of credit was opened, or the date an amendment was issued.

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Issuing bank

The buyer´s bank which establishes a letter of credit at the request of the buyer, in favour of the beneficiary (exporter/seller). Also called buyer´s bank or opening bank. See letter of credit.

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