Español
FrançaisIn a letter of credit transaction, the bank that: receives and examines the seller´s documents for adherence to the terms and conditions of the letter of credit, gives value to the seller, so long as the terms of the credit…
Read MoreNegotiation
In banking, the action by which a negotiable instrument is circulated (bought and sold) from holder to another. In letter of credit transactions, the examination of the seller´s, documentation by the negotiation bank to determine if they comply with the…
Read MoreNostro account
A bank account held by a bank with its foreign correspondent bank, in the currency of the foreign country.
Read More
