could someone help me on this?
what is the status of the bank which advised a transferred letter of credit to the second beneficiary. is it a advising bank?
bank advising transferred credit
-
- Posts: 8
- Joined: Tue Jul 07, 2009 4:42 am
- First Name: Senthilkumar
- Last Name: G.T.
- Organization: iGate GSL, Bangalore
- Filter: Two Plus Two =: 4
bank advising transferred credit
Hi Berry,
Yes, it is Advising Bank only.
Any bank advising MT720 to Second beneficiary is called as Advising Bank and the bank sending MT720 is called as Transferring bank.
Regards,
Senthil...
Yes, it is Advising Bank only.
Any bank advising MT720 to Second beneficiary is called as Advising Bank and the bank sending MT720 is called as Transferring bank.
Regards,
Senthil...