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Buyer And Seller In Same Branch In LC Negotiation
Posted: Fri Apr 11, 2014 12:25 am
by sanjivkumar
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
pay attention...
Posted: Sat Apr 12, 2014 12:40 am
by picant
Hi Friends,
pay attention to avoid discussion with two customers.....
other comments appreciated
ciao
Buyer And Seller In Same Branch In LC Negotiation
Posted: Sat Apr 12, 2014 12:25 pm
by realkisser
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.
lc
Posted: Mon Apr 14, 2014 12:54 am
by sanjivkumar
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.
how is it possible to check whether it is accommodating lc or not. as they submit all documents.