Search found 2 matches
- Tue Jul 10, 2001 1:00 am
- Forum: UCP 500
- Topic: Straight DC
- Replies: 11
- Views: 6873
Straight DC
What I meant by 'straight' credit or DC is where the issuing bank engages directly with the beneficiary. The DC is adviced through an advising bank The nominated bank is the issuing bank. Your views, please.
- Mon Jul 09, 2001 1:00 am
- Forum: UCP 500
- Topic: Straight DC
- Replies: 11
- Views: 6873
Straight DC
Under what circumstances a beneficiary would want an applicant to issue a straight DC?
What is the risk face by a bank who which to negotiate a straight DC?
What is the risk face by a bank who which to negotiate a straight DC?