Pre-advice

In letters of credit, at the request of an applicant, the issuing bank may give a pre-advice of issuance and/or amendment of the letter of credit. A pre-advice is usually marked with a reference such as “full details to follow”….

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Presentation date

The date on which compliant documents were given to the issuing bank or any other institution permitted under a letter of credit.

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Presenting bank

In bank collections, the collecting bank that deals directly with the drawee; usually is the drawee´s bank of the account.

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