Confirming bank: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>P.F.cowdell@shu.ac.uk m (Categorise the page) |
||
| Line 3: | Line 3: | ||
== See also == | == See also == | ||
* [[Letter of credit]] | * [[Letter of credit]] | ||
[[Category:Trade_Finance]] | |||
[[Category:Credit_Risk]] | |||
[[Category:Managing_Risk]] | |||
Revision as of 20:20, 17 August 2014
In a transaction involving a letter of credit (LC), a bank that adds its confirmation to the LC, committing to the beneficiary that it will ensure payment regardless of the issuing bank’s ability to pay.
