en

documentary letter of credit

1

Terminological databases

EKI terminibaas Esterm

ID 707534 Last modified 30.12.2004
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Domain banking systems & trust companies
documentary credit preferred
  • documentary letter of credit - the authority given by a bank to a third party enabling him to draw funds within a stated time against presentation of certain documents
Good to know
  • FI: remburssi [T40691] [EUR] DE: Dokumentenkredite [T40691] FR: credits documentaires [T40691] def.: ulkomaankaupan maksutapa, jossa ostajan pankki (avaajapankki) sitoutuu maksun suorittamiseen kaupan osapuolten sopimia remburssiasiakirjoja vastaan. note: englanninkielinen määritelmä on hyvin epämääräisessä muodossa. Esim. ranskankielisessä määritelmässä korostetaan, että kyse on pankille annetusta tehtävästä [EUR]
documentary credit preferred
Usage examples
  • Medium/low risk - Documentary credits in which underlying shipment acts as collateral and other self-liquidating transactions, - Other items also carrying medium/low risk.

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