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 Position :  Home >>   International Banking>> Document Settlement>> Import Settlement  
 

 

Import Settlement

1. L/C issuance 

The issuing bank issues a L/C to the beneficiary upon applicant’s application. The L/C is an issuing bank’s definite undertaking dependent on compliant presentation.  

 

2. Import collection

The importer’s bank(collecting bank) receives documents presented by the remitting bank to collect payment from the importer.



 



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