Example 11: On maylst, a client of the Arab bank requires to open an L/C with the amount of JD600000. The bank approved the L/C and deducted the following from his current account: JD250000 cash coverage, JD900 commissions and JD600 L/C expenses. It paid the coverage to the correspondent bank through its current A/C. On June 14, the Arab bank received the needed documents from the correspondent bank, handed them over to the client who paid the remaining balance of the L/C. The bank transferred the balance due, in foreign currency, to the correspondent bank through the central bank of Jordan. Example 11: On maylst, a client of the Arab bank requires to open an L/C with the amount of JD600000. The bank approved the L/C and deducted the following from his current account: JD250000 cash coverage, JD900 commissions and JD600 L/C expenses. It paid the coverage to the correspondent bank through its current A/C. On June 14, the Arab bank received the needed documents from the correspondent bank, handed them over to the client who paid the remaining balance of the L/C. The bank transferred the balance due, in foreign currency, to the correspondent bank through the central bank of Jordan