Search found 2 matches

by jamaliahAbdMalik
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.
by jamaliahAbdMalik
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?