NEXT TIME DON’T BOMBARD MR. OLD MAN WITH TOO MANY QUESTIONS AT ONCE QUESTION Hi Mr. Old Man, It’s me again. Sorry for reaching out over the weekend. I have some more complex questions this time, so please feel free to respond whenever it’s convenient for you. When issuing a usance LC, does the issuer need to maintain 100% of the purchase value in their bank account for the entire duration of the … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?