Opening Bank

Opening Bank

A bank which establishes 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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ISLAMABAD -- A parliamentary committee on Tuesday expressed displeasure over the opening of bank account of former finance minister Ishaq Dar in the National Bank of Pakistan by saying how the NBP is opening bank account of an absconder and a proclaimed offender.
Chairperson of the Arab Investment Bank, Hany Seif El Nasr, has told that the bank is strongly involved in the financial inclusion program through its presence in recreational clubs, distributing flyers on financial inclusion, and introducing several products that fit all segments of society, along with opening bank accounts free of administrative fees and exempted from a required minimum balance.
Hany Seif El Nasr, chairperson of the Arab Investment Bank, assured that the bank is strongly participating in the initiative through its presence in recreational clubs, distributing flyers on financial inclusion, and introducing a number of products that fit all segments of society, along with opening bank accounts free of administrative fees and exempted from a required minimum balance.
Brent Baldwin: Opening bank accounts by itself won't resolve the issue.
The finance ministry has recognized Aadhaar number issued by the Unique Identification Authority of India (UIDAI) as an officially valid document to satisfy the KYC norms for opening bank accounts, the Planning Commission said in a statement on Tuesday.
Monday until Thursday 5pm to 12am, Friday-Saturday 5pm-2am, Sunday 6pm-11pm, Opening Bank Holidays; Off Marlborough Way (near junction with Sports Stadium) Belgrave, Tamworth - Installation of 12.
Thousands of illegal immigrants have crossed into Oregon to fraudulently obtain driver's licenses, key documents for gaining credit cards, opening bank accounts and boarding airplanes," reported the March 28 Portland Oregonian.
Reiterating their support for accepting consular cards as valid identification, Los Angeles City Council members voted unanimously Wednesday to oppose a federal bill that would ban the use of foreign IDs for opening bank accounts.
An electronic referencing system is being formulated by the Central Bank of Nigeria (CBN), which is designed to speed up the process of opening bank accounts in Nigeria.
Supporters say the card merely helps illegal immigrants lead everyday lives - opening bank accounts, for example, rather than stuffing money under mattresses.
The identification cards are just that, said county Supervisor Gloria Molina, who disagreed the cards would be used for anything other than matching a face and name to perform regular tasks like signing children up for Little League, reporting domestic violence and other crimes, as well as opening bank accounts to avoid risky and expensive cash living.
Citibank announced today it will begin accepting Mexican Consular IDs on March 18 as a primary form of identification for Mexican immigrants opening bank accounts in the U.