What are the Articles of URR 725? Page 1 of 17 The Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR-725) (Effective date: 01 October 2008) Page 2 of 17 Changes made in URR 725 URR 725 should not be seen as a revision of URR 525. It is an updating process that […]
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Statutory Protection to Collecting Banker-www.bankingallinfo.com
Statutory Protection to Collecting Banker-www.bankingallinfo.com Statutory Protection to Collecting Banker: Section 131 of the Negotiable Instruments Act provides protection to a collecting banker who receives payment of a crossed cheque or draft on behalf of his customers. According to Section 131 of the Act “a banker who has, in good […]
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1st Contact to Sable International-www.bankingallinfo.com 1st Contact to Sable International? 1st Contact helps international clients pursue their lives, careers and travel aspirations within the United Kingdom. If you’re moving to the united kingdom, we will assist you get your visa, open a checking account, find a job, mapped out those […]
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Documentary credits and other methods of settlement Learning objectives Documentary credits and other methods of settlement? This chapter provides an overview of what a documentary credit is, with a basic flow chart to describe the steps from the contract agreement until settlement for a documentary credit that is not confirmed by the advising […]
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