Dear Experts
How can a Bank protect itself during the recent Coronavirus epidemic almost all over the world in following cases:
1. During issuance of LC
2. Negotiation of documents
3. Discounting of Bill &
So many Trade Transactions
Valuable opinion solicited
COVID-19 Pandemic
-
imkhurshed
- Posts: 4
- Joined: Tue Jun 26, 2018 12:50 pm
- First Name: Khurshed
- Last Name: Alam
- Organization: National Bank Ltd.
- Filter: Two Plus Two =: 4
- Location: Bangladesh
-
TaiOanlan
- Posts: 77
- Joined: Sat Dec 22, 2018 7:44 pm
- First Name: Luke
- Last Name: Yo
- Organization: FI
- Filter: Two Plus Two =: 4
- Location: TOK
Re: COVID-19 Pandemic
I guess all questions are related to credit analysis matter which Trade Finance Sales and Relationship Managers and Credit department to sort it out.
Need to see how applicant's financial status is during this Wuhan virus pandemic in case of issuance of a L/C.
I have not heard any unusual situation in shipping industry so far. Therefore, shipment is no issue.
As for a beneficiary bank which is in a position of dispatching document via courier service, bank needs to check with courier company whether delivery is normal status or not. As far as I am concerned, DHL has limited service in some countries and limit number of flight per day.
Regards,
Need to see how applicant's financial status is during this Wuhan virus pandemic in case of issuance of a L/C.
I have not heard any unusual situation in shipping industry so far. Therefore, shipment is no issue.
As for a beneficiary bank which is in a position of dispatching document via courier service, bank needs to check with courier company whether delivery is normal status or not. As far as I am concerned, DHL has limited service in some countries and limit number of flight per day.
Regards,