Advising bank

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Do you require the services of a dependable advising bank? Also known as notifying banks, such banks perform the highly specialized service of advising an exporter or beneficiary that a letter of credit (L/C) opened by an issuing bank for an individual applicant is available.

Advising banks are highly specialized services that are available to serve you on a worldwide basis. Frequently these banks are located in the beneficiary's country and may even be a branch office of the issuing bank. In many instances, notifying banks are appointed by the beneficiary themselves.

Notifying banks perform a selection of important services. These include acting as an advisory bank by authenticating a letter of credit, acting as a confirming bank by confirming an L/C, acting as an accepting bank by endorsing a bill of exchange or acting as a paying or negotiating bank by paying the exporter. The Web can be a useful tool when trying to locate or research such banks. Business.com is a trusted resource that makes it easier for businesses, individuals and associations everywhere to find products, services and solutions they are looking for. You can find out more by visiting the links to reliable providers on the left.

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