Non Fund Based Credit Facility by Banks

RAM KUMAR GUPTA , Last updated: 23 July 2014  
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IMPORTANT POINTS FORLETTER OF CREDIT AND BANK GUARANTEE WHO IS? APPLICANT: The buyer /importer of goods: This person has to make payment of letter of credit to the issuing bank if the documents are in accordance with the terms and conditions of LC. 1. ISSUING BANK: Importe

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Published by

RAM KUMAR GUPTA
(ADJUNCT PROFESSOR AND VISITING FACULTY ON BANKING & FINANCE)
Category Audit   Report

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