Hi
sometimes we see rules like that if confirming bank reimburse but issuing bank refuses rightly
payment must be returnet to issuing bank with interest
but what is the rate and how interest according to what
refund the payment with interest
-
- Posts: 105
- Joined: Wed Dec 16, 2009 12:38 am
- First Name: edilee
- Last Name: cdcs
- Organization: cdcs
- Filter: Two Plus Two =: 4
- berry
- Posts: 329
- Joined: Fri Nov 07, 2008 11:36 pm
no standard
i am afraid there is not standard of it. but in most cases i believe it would be the LIBOR. other comments appreciated