Advising bank
The bank in the exporter’s country that agrees to pay the exporter if the terms and conditions of a letter of credit have been met and if the funds have been transferred to it by the issuing bank in the buyer’s country.
The bank in the exporter’s country that agrees to pay the exporter if the terms and conditions of a letter of credit have been met and if the funds have been transferred to it by the issuing bank in the buyer’s country.