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Home Tag Archives: a sight draft on reimbursing bank

Tag Archives: a sight draft on reimbursing bank

WHY SHOULD AN ISSUING BANK NOT REQUIRE A SIGHT DRAFT TO BE DRAWN ON THE REIMBURSING BANK?

By Mr Old Man
July 17, 2024
in :  Mr Old Man, Payment, Q&A
0
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QUESTION  Dear Mr. Old Man, I hope this email finds you well. I came across URR 725 while studying for CDCS and found some points unclear for me. Would you please kindly share your thoughts about the following questions? Question 1: Articles 6e-iii and 9c-iii: “An issuing bank should not require a sight draft to be drawn on the reimbursing bank”. According …

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