Advising bank

From Wikipedia, the free encyclopedia

Banking

Finance
Financial markets
Financial market participants
Corporate finance
Personal finance
Public finance
Banks and Banking
Financial regulation

Types of Banks
Central bank
Advising bank
Commercial bank
Community development bank
Custodian bank
Depository bank
Investment bank
Islamic banking
Merchant bank
Mutual bank
Mutual savings bank
National bank
Offshore bank
Private bank
Savings bank
Swiss bank

Banking terms
Anonymous banking
Automatic teller machine
Deposit
Deposit creation multiplier
Loan

List of banks
List of banks in Canada
List of banks in Hong Kong
List of banks in Singapore

An advising bank, in international trade, is a bank operating for the exporter in the exporter's country; the bank which handles letters of credit for foreign banks. An advising bank informs the exporter of the conditions of the letter of credit without necessarily bearing responsibility for payment.