A ltd and B ltd, both the companies are banking with my branch. Both the companies operating at the same centre. A ltd requests us to open a usance LC in favour of B ltd. (I) is it correct to open a LC in favour of a company banking with my branch? B Ltd submits documents to our branch for negotiation/ discounting. is it correct to negotiate/ discount the bill as we are issuing banker?
Regards
Sanjiv
Buyer And Seller In Same Branch In LC Negotiation
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pay attention...
Hi Friends,
pay attention to avoid discussion with two customers.....
other comments appreciated
ciao
pay attention to avoid discussion with two customers.....
other comments appreciated
ciao
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Buyer And Seller In Same Branch In LC Negotiation
You can do that.
but be careful about the deal. because may be they(A & B) are accommodating the bill.so try to confirm about it.
then u can open a L/C and discount it.
but be careful about the deal. because may be they(A & B) are accommodating the bill.so try to confirm about it.
then u can open a L/C and discount it.
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- First Name: sanjiv
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lc
how is it possible to check whether it is accommodating lc or not. as they submit all documents.realkisser wrote:You can do that.
but be careful about the deal. because may be they(A & B) are accommodating the bill.so try to confirm about it.
then u can open a L/C and discount it.