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importer's bank

См. также в других словарях:

  • bank guarantee — noun Etymology: bank (IV) : a statement issued by an importer s bank guaranteeing the payment of drafts to the exporter …   Useful english dictionary

  • bank — ▪ I. bank bank 1 noun [countable] 1. BANKING a business that makes its profit by paying interest to people who keep money there and charging a higher rate of interest to borrowers who borrow money from the bank. Different types of bank provide a… …   Financial and business terms

  • Advising bank — An advising bank (also known as a notifying bank) advises a beneficiary (exporter) that a letter of credit (L/C) opened by an issuing bank for an applicant (importer) is available and informs the beneficiary about the terms and conditions of the… …   Wikipedia

  • guaranteeing bank — guaranteeing/avalising bank The person, bank, or financial entity who gives the guarantee for the importer. Bloomberg Financial Dictionary …   Financial and business terms

  • avalising bank — guaranteeing/avalising bank The person, bank, or financial entity who gives the guarantee for the importer. Bloomberg Financial Dictionary …   Financial and business terms

  • guaranteeing/avalising bank — The person, bank, or financial entity who gives the guarantee for the importer. Bloomberg Financial Dictionary …   Financial and business terms

  • Bankers' acceptance — A banker s acceptance, or BA, is a time draft drawn on and accepted by a bank. Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a …   Wikipedia

  • Buyer's credit — Buyers credit (Buyer s Credit) In the usual practice, an importer requests his bank to open a Letter of Credit. When the Letter of Credit is honoured i.e, when the importer s Bank makes payment on behalf of the importer, the importer reimburses… …   Wikipedia

  • letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… …   Financial and business terms

  • Trade finance — refers to the various forms of financial support and financial transactions used in international trade. [http://www.investopedia.com/terms/t/tradefinance.asp] Trade finance uses a range of instruments to provide finance to exporters and… …   Wikipedia

  • Forfaiting — The purchasing of an exporter s receivables (the amount importers owe the exporter) at a discount by paying cash. The forfaiter, the purchaser of the receivables, becomes the entity to whom the importer is obliged to pay its debt. By purchasing… …   Investment dictionary

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