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Home Tag Archives: Deduction of discrepancy fee

Tag Archives: Deduction of discrepancy fee

DEDUCTION OF DISCREPANCY WITHOUT GIVING NOTICE OF REFUSAL

By Mr Old Man
December 26, 2018
in :  Mr Old Man, Q&A
2
3,542

QUESTION Dear Mr. Old Man, On behalf of the beneficiary we made presentation to the issuing bank for payment. The issuing bank paid and sent us an MT910 (Confirmation of Credit) stating that USD100 being discrepancy fee was deducted. The issuing bank had not sent us its notice of refusal. I want to know whether the issuing bank was correct …

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