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FrançaisIn a documentary collection, the bank forwarding the exporter´s documents and the draft to, an receiving payments from, the buyer´s bank (collecting bank). See documentary collection.
Read MoreReserve currency
A national currency such as the US dollar, the European euro EUR, or the Swiss franc CHF, used by many countries to settle debit balances in their international accounts. Central banks generally hold a large portion of their monetary reserves…
Read MoreRestricted letter credit
A letter of credit, the negotiation of which is restricted to a bank specially mentioned in the letter. See letter of credit.
Read MoreRevaluation
The increase of the value (restoration) of a nation´s currency (that had once been devalued) in terms of the currency of another nation.
Read MoreRevocable L/C
A letter of credit that can be cancelled or changed by any party at any time without the consent of any other parties. At present there are not revocable L/C; all of them are irrevocable. See letter of credit.
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