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Advising bank

   Also found in: Wikipedia 0.01 sec.
Advising bank
Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.
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In 1999 she was promoted to vice president, with responsibilities for managing the Bank's facilities, protection, and administrative services functions and advising Bank executives on EEO matters.
Changes in board staff by Federal Reserve Bulletin
Her practice focuses on advising banks, broker-dealers and other institutions regarding credit risks involved in cross-border derivatives and other complex financial transactions, including the enforceability of rights to close-out, net and liquidate collateral upon a counterparty insolvency.
Davis Polk Elects Seven New Counsel by Business Wire
The advising bank itself made commitments to purchase receivables from the program at par to ensure payment of maturing commercial paper, effectively combining 100 percent credit enhancement and liquidity backup in one facility.
The evolution of the U.S. commercial paper market since 1980 by Post, Mitchell A. / Federal Reserve Bulletin
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