DISCOUNTING BY THE ISSUING BANK QUERY FROM NESAR AND COMMENT FROM MEHDIPost subject: Discounting by issuing bank Nesar: Dear All, A credit is available with a nominated bank by acceptance.Draft Drawn on nominated bank for 180 days after sight. query: Can issuing bank discout this bill? RegardsNesar——————————- Mehdi: I am not sure such arrangement of delayed payment is allowable under the existing regulations of the … Read More