ARBITRAGE QUERY FROM NGOC UYENPhan Phạm Ngọc Uyên, 20 / F Sent To: Mr. Old Man Dear Mr Oldman, I m currently studying about currency arbitrage . After searching for its information on the Internet and reading book, I still cannot deeply understand what it is and how it works as well as its pros and cons. Would you mind explaining … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?