documentary credit


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Related to documentary credit: letter of credit, Documentary Collection
Translations

documentary credit

n (Fin) → Dokumentenakkreditiv nt
References in periodicals archive ?
The use of documentary credit also means that Lloyds Bank may be able to make payment early when goods have been shipped to a customer, so manufacturers and exporters do not have to wait for a customer to pay, providing capital to fund further operations.
It is hoped that this will set the same standards for demand guarantees as CDCSA has achieved for documentary credits.
O'Brien said: "The 2013 ISBP is an essential tool for day-to-day documentary credit operations, not only of importance to bankers but also to trading companies" he said.
6--Consent of the issuer or the designated person in assignment of revenues of the letter of credit in paragraphs (c) and (d) is of great importance in the domestic and international documentary credits.
HSBC (NYSE: HBC) India has issued the first RMB documentary credit in India for a Mumbai-based pharmaceutical company.
The Disbursement Agent may then execute payments on the basis of the agreed documentary criteria applying a conventional documentary credit procedure.
This presentation of actual samples of trade documents allows the reader to visualize the elements of a documentary credit transaction.
The National Bank of Egypt (NBE) announced its cooperation with the electricity sector, providing banking advice and services in the form of documentary credit that require opening and letters of guarantee requiring issuance, to the NPPA.
Furthermore, in a recent circular from the CBE, the documentary credit requirements for importation of commercial products were reregulated to minimise importation of "unnecessary" goods but not to "ban" them.
The modes of utilisation are murabaha financing, comprising 39 per cent, and multi bonds and documentary credit, comprising the remaining 61 per cent.
The documentary credit insurance policy (DCIP) will help Apicorp effectively manage risks affecting its letter of credit (LC) transactions and LCs of petroleum products exports of members in ICIEC, a member of the Islamic Development Bank (IDB) group.
MANAMA: Arab Petroleum Investments Corporation (Apicorp) has signed a documentary credit insurance policy with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).