Advising Bank

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August 31, 2024 4 min read Definitions
Advising Bank: The Intermediary in Letters of Credit
Banking Finance International Trade Advising Bank Letter of Credit International Banking Trade Finance Financial Intermediary
An advising bank is the bank that receives the Letter of Credit (L/C) from the issuing bank and informs the beneficiary. This bank plays a crucial role in international trade by verifying the authenticity of the L/C and facilitating communication between parties.
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