What is negotiating bank?

Bank Negotiations Banking Operations Banking

Question ajoutée par Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date de publication: 2013/06/16

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par Amjad Ali , Regional Manager , NATIONAL BANK OF PAKISTAN

negotiating bank is Purchasing bank. In export, when the exporter complete all terms of the LC and export the required goods, then he may present the documents to his bank to get finance against the export documents. This whole process is called negitiation.

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What is negotiating bank?

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