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Home > QFINANCE Dictionary > Definition of advising bank

Definition of

advising bank

Banking

bank facilitating firm's overseas credit a bank in an exporter's own country to which an issuing bank sends a letter of credit.

Related definitions of "advising bank"

Recommended Further Reading (Term count)
  • Traders, Guns, and Money: Knowns and Unknowns in the Dazzling World of Derivatives
    Satyajit Das (2006)
    An entertaining introduction to derivatives trading and its impact on the financial markets by a veteran of the industry. Tells the inside story of how derivatives began, how they are used, their benefits, and their dangers. Describes the mechanics of the financial markets and difficult concepts in a clear, amusing, and somewhat cynical style.  
  • Exporting Against Letters of Credit
    by Buddy Baker
    Letters of credit (LofCs) are a time-honored means of payment for international shipment of goods. Although the vast majority of letters of credit get paid when drawn upon, it is a mistake to think of them as guarantees. Rather, LofCs have specific rules governing how payment works. If sellers do not comply with these rules, they risk not being paid when shipping goods—which is precisely the risk that letters of credit are supposed to guard...
advising bank - Related Articles

  • Maintaining the Banking Relationship

    Checklists

    Whether retail or investment, the bank is most likely to have a team of business banking advisers on hand to advise and guide a company. It’s important to ensure continuity—the bank will usually offer contact with a designated person and in turn expect to deal with the same person or persons from

  • The Investment Banks Are on a “Stairway to Heaven”

    Viewpoints

    Philip Augar worked in investment banking for over twenty years. He led Natwest’s global securities business, and was a group managing director at Schroders before turning to writing in 2000 with the publication of the best-selling Death of Gentlemanly Capitalism. His fifth book, Chasing Alpha: How
    By Philip Augar

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Definitions of ’advising bank’ and meaning of ’advising bank’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’advising bank’ and other financial terms with our online QFINANCE Financial Dictionary.

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