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Issuing Bank
(redirected from Opening Banks)

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Issuing bank
Bank that issues a letter of credit.

Issuing Bank
A bank that writes a letter of credit, especially on behalf of an exporter. The issuing bank operates in the country of the importer, and facilitates trade between the importer and exporter by providing credit for the transaction. It is also called an opening bank.


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He said China's opening banks in Turkey would bring a momentum to the relations.
He said China's opening banks in Turkey would bring a momentum to the relations.
 
 
 
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