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CDCS Exam MCQ and Answer CDCS Exam MCQ and Answer Chapter 1:The history and use of documentary credits One of the first forms of letter of credit introduced was known as which one of the following? A. A businessman’s letter of credit B. An exporter’s letter of credit C. A traveler’s letter of credit D. …
CDCS Exam 2020 Probable Question and Answers Chapter 1 The history and use of documentary credits One of the first forms of letter of credit introduced was known as which one of the following? A businessman’s letter of credit An exporter’s letter of credit A traveler’s letter of credit D.A seller’s letter of credit The …
eUCP Chapter-23 Learning objectives: This chapter includes a brief history and outline of eUCP. By the end of this chapter, you should be able to: ◆◆ describe the features of eUCP; and ◆◆ understand the contrast between the rules in UCP 600 and those under eUCP. 23.1 eUCP The ICC published its Supplement to the …
Bank to bank reimbursements and reimbursement from aid agencies 22.1 The relationship between an issuing bank and a reimbursing bank Although only one bank (an issuing bank) is necessary to facilitate reimbursement under a documentary credit, in many cases an issuing bank will nominate another bank to reimburse a nominated bank that has honoured or negotiated a …
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CDCS study materials-Standby letters of credit Chapter-21 Learning objectives This chapter provides an overview of standby letters of credit and the content of ISP98. By the end of this chapter, you should be able to: ◆◆ describe the origins and use of a standby letter of credit; and ◆◆ understand the content of ISP98 as the …
CDCS study materials-The features of documentary credits Chapter-20 20.1 Introduction CDCS study materials-The features of documentary credits Some features and conditions are fundamental to all documentary credits; others, by means of the insertion of clauses or a recognised form of wording, provide a speciality function. A number of these characteristics are provided for within UCP 600 and ISP98, …
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The features of documentary credits The features of documentary credits: Some features and conditions are fundamental to all documentary credits; others, by means of the insertion of clauses or a recognised form of wording, provide a speciality function. A number of these characteristics are provided for within UCP 600 and ISP98, but others have gained acceptance under the umbrella …
CDCS study materials-Transferable credits, back-to-back credits and assignment of proceeds Chapter-19 19.1 Transferable documentary credits Transferable documentary credits are one of the more common types of documentary credit. There are a number of similarities with (and differences to) back-to-back documentary credits, which are reviewed in section 19.2. In its simplest form, a documentary credit is …
The role of the nominated bank Learning objectives This chapter describes the role and responsibilities of a nominated bank. By the end of this chapter, you should be able to: ◆◆ describe the concept of a bank ‘acting on its nomination’; and ◆◆ understand what it means to be a nominated bank. 16.1 What is …
Document characteristics and preparing documents-www.bankingallinfo.com Document characteristics and preparing documents-www.bankingallinfo.com 12.1 Introduction As discussed in Chapter 7, an issuing bank of a documentary credit gives an undertaking that it will honour a complying presentation made under it.A presentation will be made by, or on behalf of, the beneficiary. An issuing bank assumes the risk of the …
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