2 If it is a usance credit the confirming bank can accept a draft upon presentation of...

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2 If it is a usance credit the confirming bank can accept a draft upon presentation of documents and immediately discount it. The advantage of that process over the practice of sending drafts to the issuing bank for acceptance is obvious.

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Finance Of International Trade

ISBN: 9780750659086

1st Edition

Authors: Eric Bishop

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Question Posted: Oct 18, 2024 09:00 AM

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2 If it is a usance credit the confirming bank can accept a draft upon presentation of...

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Finance Of International Trade

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