Advising bank


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Related to Advising bank: Confirming Bank, Irrevocable letter of credit

Advising bank

Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.

Notifying Bank

A bank in a foreign country to which another bank in the domestic country sends a letter of credit on behalf of a client. The notifying bank honors the letter of credit and transfers requested funds to the client. A notifying bank is also called an advising bank.
References in periodicals archive ?
Red-clause L/Cs enable an exporter to obtain pre-shipment finance, which is a percentage of the L/C amount, from the advising bank.
Ms Betts specialises in finance law, advising banks and asset-based lenders on a wide range of transactions.
The team was involved in advising banks, underwriters and fund management enterprises on mergers and acquisitions, restructuring and raising funds.
Mr Blair can afford to soft pedal on money making after earning pounds 20million last year through speaking engagements as well as advising banks and foreign governments.
He will also be advising banks, lawyers and major financial institutions.
Ms Armstrong, who joins after fours years at DLA, has extensive experience in advising banks, financial institutions and borrowers on real estate finance transactions and restructurings.
Having been involved in the Islamic finance industry for over 30 years, Mahmood has extensive experience in advising banks on Strategy, Governance and Sharia'a aspects of product structuring and documentation.
His practice includes advising banks concerning lending authority issues, the correctness of disclosure documents and procedures, commercial and residential loan documents and record retention guidelines for compliance under applicable Federal and state laws.
Before that, he served as a Managing Director at Duff & Phelps in Europe, where he led the International Financial Engineering practice advising banks and funds on the valuation of complex and illiquid assets, while also leading an expert team providing assistance to the European Commission in the assessment of asset relief measures submitted by European Union Member States in the context of State Aid procedures.
He has more than 10 years' experience in advising banks, specialist lenders and borrowers on asset-based lending, acquisition finance, property finance and debt sale deals.
Mr Blair can afford to soft-pedal on money-making after earning pounds 20million last year through speaking engagements as well as advising banks and foreign governments.
Mr Crellin specialises in real estate finance - advising banks and corporate borrowers on the negotiation and agreement of facility and security documents in relation to such deals.