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9 Cards in this Set

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  • Back
6.6 Advising Bank
If the details are not correct,
6.7 Advising Bank
the advising bank tells the seller
6.8 Advising Bank
and waits for corrected documents or further instructions.
7.1 Issuing Bank
The issuing bank examines the documents from the advising bank
7.2 Issuing Bank
and if they are in order, pays the money promised or agrees to in the future.
7.3 Issuing Bank
If the details are not correct,
7.4 Issuing Bank
the issuing bank contacts the buyer for authorisation to pay or accept the documents.
7.5 Issuing Bank
If acceptable, the issuing bank releases the documents to the buyer,
7.6 Issuing Bank
and pays the money promised or agrees to pay it in the future.