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What is the correct sequence of steps in a documentary credit transaction? A . The issuing bank send the funds that are owed to the
What is the correct sequence of steps in a documentary credit transaction?
A The issuing bank send the funds that are owed to the exporter via the advising bank
B The advising bank sends the documents to the issuing bank with a request for payment of founds
C The exporter gathers the shipping documents stipulated in the documentary credit and presents them to the advising bank
D The issuing bank verifies the documents and determines wheter they are compliant and debits the importers account for the funds due it compliant.
E The advising bank examines the documents and them determines whether they are compliant and wheter the payment is due
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