A B C D E F G H I K L M N O P R S T U V
Ne No

Negotiating bank

In 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 More

Negotiation

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 More