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Home Tag Archives: Reimbursing bank

Tag Archives: Reimbursing bank

WHEN DOES A CONFIRMING BANK INSIST ON INCLUDING A REIMBURSING BANK IN AN LC?

By Mr Old Man
February 8, 2025
in :  Mr Old Man, Payment, Q&A
0
588

Intro From time to time, confirming banks request that an LC be amended to nominate a reimbursing bank, or even to obtain a reimbursement undertaking. A reader recently asked whether this practice is supported by ICC rules, or whether it is simply a matter of banking practice and risk management. It is a good question, because many practitioners assume that …

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How Should a Letter of Credit Financed by the World Bank Be Issued?

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10 hours ago

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Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or?

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

Mr Old Man: https://vlex.co.uk/vid/banco-santander-sa-v-804497513...

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