An issuing bank may be a reimbursing bank. False or True ?

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dulari
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An issuing bank may be a reimbursing bank. False or True ?

Post by dulari » Thu Mar 11, 2010 11:00 am

An issuing bank may be a reimbursing bank. False or True ?


dulari

mostafag2565@yahoo.com
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WARLORD77
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It happens

Post by WARLORD77 » Thu Mar 11, 2010 1:28 pm

This could happen when the beneficiary and the applicant are in the same Bank.
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saikryshna
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no it wont

Post by saikryshna » Thu Mar 11, 2010 3:39 pm

As of my knowledge it wont happen..
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VASU
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No restriction

Post by VASU » Sun Mar 14, 2010 8:01 pm

Mostly it will not happen. At the same time, there is no restriction.
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akomolpa
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It can

Post by akomolpa » Mon Mar 15, 2010 3:56 pm

I think it is true.
For example, the Issuing Bank is the big bank in New York, they issue LC in USD currency available with any bank in Japan in favour of beneficiary in Japan and specify them as reimbursing Bank in the LC.

Rgds,
akomolpa /:)
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Jackie
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Issuing bank/reimbursing Bank

Post by Jackie » Tue Mar 16, 2010 9:39 pm

hi all

Just a point - how can a bank in Japan reimburse dollars!

Thanks
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