Issuing bank

Issuing Bank
A bank that opens a straight or a negotiable letter of credit. This bank assumes the obligation to pay the beneficiary or a correspondent bank if the documents presented are in accordance with the terms of the letters of Edit.

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Issuing Corporate Debt
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ISSUING BANK - the bank that issues the letter of credit
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Issuing bank:
A bank which opens a letter of credit, thereby assuming the obligation to pay the beneficiary or the correspondent bank if the documents presented are in accordance with the terms of the letters of credit.

Issuing bank
Bank that issues a letter of credit.
Istanbul Stock Exchange
The sole securities exchange in Turkey.

ISSUING BANK - An individual, company, firm, or combination thereof with which the state of Washington contracts for purchase card services.

Issuing bank/Opening bank
The bank that issues the Documentary Credit on behalf of the importer.
Negotiating bank ...

Issuer / Issuing Bank: The financial institution (a licensed member of MasterCard or VISA) which holds contractual agreements with and issues cards to cardholders.

[FDIC] acquiring processor The processor provides credit card processing, billing, reporting and settlement and operational services to acquiring and issuing banks.

Advising bank Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit. Advisory letter A newsletter offering financial advice to its readers.

empire) 1 and notes of the issuing banks which are allowed to be reckoned as specie or discounted bills, must be held - maturing not later than three months after being taken - with, as a rule, three, but never less than two, good indorsements.

Statements on the debit card that say "for medical uses only" are invalid for several reasons: (1) The merchant and issuing banks have no way of quickly determining whether the entire purchase qualifies for the customer's type of tax benefit; ...

He carried out important inspections in the Bank of Italy’s subsidiary branches and in the other two issuing banks, the Banco di Sicilia and the Banco di Napoli.

The Bank of england is responsible for issuing bank notes and coins. They need to print enough to meet demand, without causing excess inflation.
Lender of Last Resort. The bank of England is also the lender of last resort.

An irrevocable letter of credit cannot be cancelled before a specific date without agreement by all the parties involved, whereas a revocable letter of credit can be amended at any time by the issuing bank.

A vendor accepting digital money contacts the issuing bank upon receipt of a buyer's payment authorization. The vendor then receives the funds transfer and fulfills the order of goods or services.

Using letters of credit involves a customer of one financial institution (usually a bank), which is known as the issuing bank agreeing to authorize another bank called the advising bank, to make payment to the supplier.

An index-linked CD is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers.

The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.

Unlike a traditional CD, brokered CDs can't simply be cashed in with the issuing bank. As a result, some firms that offer brokered CDs may maintain a secondary market-but these secondary markets tend to be quite limited.

5: Watch your plastic - make sure you know where your credit, debit and ATM cards are, and tell the issuing banks immediately if you lose them or they're stolen.

A written undertaking by a bank (issuing bank) given to the seller (beneficiary) at the request,and on the instructions of the buyer (applicant) to pay at sight or at a determinable futuredate up to a stated sum of money, ...

Bank Draft - A type of check where the payment is guaranteed to be available by issuing bank. Typically, banks will review the bank draft requester's account to see if sufficient funds are available for the check to clear.

(2) An irrevocable obligation of an issuing bank and the borrower, whereby both are liable for payment.

In the event that the issuing bank goes into bankruptcy, the covered bond holders may have first recourse to the underlying assets, as well as being ranked before other investors such as shareholders.
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Telegraphic Transfer Clause: a clause containing an undertaking on the part of the issuing bank to pay the invoiced amount to the order of the negotiating bank upon receipt of an authenticated cablegram (telex) from the latter that the required ...

A type of letter of credit bearing the obligation of the issuing bank only, not of any other bank.
Unconscionable
Unreasonable; outrageous. Courts in many countries may refuse to enforce contracts which they deem to be unconscionable.

A letter of credit which restricts negotiation to the bank the issuing bank has nominated in the credit.
Restrictive Business Practices
Actions in the private sector designed to restrict competition in order to keep prices relatively high.

Interchange Fee - A fee paid by the acquiring bank/merchant bank to the issuing bank.

Give the issuing banks a reason to keep your business. If you have credit cards you never use, responsibly show the banks a little love and take advantage of the privilege you were awarded with when opening the account.

CDs that are issued with the tacit understanding that the buyer will not trade the certificate. Quite often, the issuing bank will insist that the certificate be safekept by it to ensure that the understanding is honored by the buyer. ...

For example, if the issuing bank goes bankrupt, the ETN investor will probably not receive the investment return they were banking on. An ETF, on the other hand, has virtually no credit risk, but there is tracking risk involved with holding an ETF.

Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.
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For example, General Motors, Shopper's Drug Mart, and Starbucks all offer co-branded credit cards where their names appear on the card with the name of the issuing bank.

An issuing bank knows that it would suffer adverse clearings and a costly loss of reserves if too many of its liabilities came into the hands of its rivals.

Definition: [crh] CDs that are issued with the tacit understanding that the buyer will not trade the certificate. Quite often, the Definition: F="/?rd=issuing+bank"issuing bank will insist that it hold the certificate for safekeeping by it to ...

Trust preferred securities (TruPS) are cumulative preferred stock issued by bank holding companies through a special purpose vehicle. For the issuing bank holding company, TruPS combine benefits of both debt and equity.

Back to Back Letter of Credit - An arrangement in which one irrevocable letter of credit serves as the collateral for another; the advising bank of the first letter of credit becomes the issuing bank of the second letter of credit.

Revocable Letter of Credit: A letter of credit that can be changed or cancelled by the issuing bank or by any party involved until payment is made.

Pay - An advice from the buyer's bank to the seller's bank authorizing the seller's bank to pay the seller's draft up to a specified amount. The seller has no protection against cancellation or modification of the instrument until the issuing bank ...

A distinction is made between " investment certificates and " leveraged certificates depending on their investment style. Unlike investment " fund units, certificates are not protected in the event of the issuing bank's insolvency.

By lowering interest rates Non-Banking Finance Companies (NBFCs) are slowly positioning themselves to become viable alternatives to traditional banks for procuring loans. The fact that the RBI has put forth discussion papers on issuing banking ...

Quite often, the issuing bank will insist that the certificate be safekept by it to ensure that the understanding is honored by the buyer. Log-linear least-squares method A statistical technique for fitting a curve to a set of data points.

Quite often, the issuing bank will insist that it hold the certificate for safekeeping by it to ensure that the buyer holds the understanding. Lockup option Often used in risk arbitrage.

Issuing bank Bank that issues a letter of credit. Italian Derivatives Market (IDEM) A derivatives market operated by the Italian Stock Exchange Council. It trades futures and options on the 30 index and individual stock options.

See also: Banks, Expense, Letter of credit, Funding, Values