- the undertaking of the confirming bank
- das Versprechen der bestätigenden Bank
First banking dictionary. Winfried Honig. 2014.
First banking dictionary. Winfried Honig. 2014.
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Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller … Wikipedia
negotiation credit — A type of letters of credit. Where a seller obtains a negotiation credit, the undertakings of the issuing bank (and the confirming bank if any) are directed to any bank of a description stated in the letter of credit (such a bank is called a… … Law dictionary
straight credits — (or specially advised credits) A type of letters of credit. If a straight credit is issued, the undertaking of the issuing bank (and the confirming bank if any) is directed to the named seller alone, and only he may rely on it. Practical Law… … Law dictionary
specially advised credits — straight credits (or specially advised credits) A type of letters of credit. If a straight credit is issued, the undertaking of the issuing bank (and the confirming bank if any) is directed to the named seller alone, and only he may rely on it.… … Law dictionary
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