Question
In a L/C , if the confirming bank and negotiating bank are the same entity , advance payment made to the seller is without recourse,
In a L/C, if the confirming bank and negotiating bank are the same entity, advance payment made to the seller is without recourse, how do i explain this?
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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
