say you are the issuing bank and discounting a deferred payment LC, on whose account you book the liability? applicant?
thanks!!
discounting
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shahriar
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- First Name: Shahriar
- Last Name: Masum
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discounting
i have question which is more related to loans and advances i think.
say you are the issuing bank and discounting a deferred payment LC, on whose account you book the liability? applicant?
thanks!!
say you are the issuing bank and discounting a deferred payment LC, on whose account you book the liability? applicant?
thanks!!
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nesarul
- Posts: 513
- Joined: Sun May 18, 2008 9:46 pm
- First Name: Nesarul
- Last Name: Hoque
- Organization: Mutual Trust Bank
- Filter: Two Plus Two =: 4
- Location: Bangladesh
discounting
dear,
Interesting indeed.
Option 1
IB can discounting the bill by taking a loan fm its offshore banking unit or fm foreign correspondent.
Option 2
IB can book a liability in its own name and discounting the bill
Option 3
There may an arrangeent with the applicant that IB can make aloan on applicants account and discounting the bill.
Regards
Nesar
Interesting indeed.
Option 1
IB can discounting the bill by taking a loan fm its offshore banking unit or fm foreign correspondent.
Option 2
IB can book a liability in its own name and discounting the bill
Option 3
There may an arrangeent with the applicant that IB can make aloan on applicants account and discounting the bill.
Regards
Nesar