What is re-financing in Letter of Credit settlement
- 1 Answers
- 2117 Views
- I also Faced
- E-Mail Answers
Answer Posted / Atul Kumar Gupta
Re-financing in the context of a Letter of Credit (LC) refers to the process where an issuing bank transfers its rights and obligations under the LC to another bank, known as the refinancing bank. This allows the original bank to free up funds or reduce exposure to certain risks associated with the LC. The new bank then assumes the responsibilities and guarantees stipulated in the original LC.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
what is your achievements?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
please give me a last 10 years sbi clerk question and answer paper
What is meant by advance ruling? What is the scheme of advance rulings?
I need all WNS interview questions
what is tds rate of WCT applay for sale tax ragistard company.
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
can i get exact salary of clerk in SBI. and i want to know about promotion details .....
I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com
pls send me capital iq quition paper pls, ihave 2mr interview thanks
im preparing for the sbi clerical post please send me the solved questions.
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
