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Posted: Tue Jun 06, 2017 4:49 am
what is the major considerations of a bank t not to do/not to do the aval in doc collections?
Depends on ...
Posted: Fri Jun 09, 2017 10:38 pm
it depends on the bank policy, I saw accepted or avalised draft of bill of exchange discounted on the market, specially for long tenors. Same banks keep the own acceptances or avals till maturity.
Other comments appreciated
Posted: Sun Aug 06, 2017 12:02 am
sorry, could anyone help me with the meaning of the "avalisation" as I cant find out it from dictionary? thank you so much
Posted: Tue Oct 03, 2017 10:41 pm
actually, avalisation is common in some European countries, the buyer's bank can provide a form of additional acceptance to the draft accepted by buyer. With the name of buyer's bank on the draft, it's possible for financing to be raised on the draft prior to the due date