MetaGlossary.com: Opening Bank

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Keywords: Documentary, Letter, Bank, Issuing, Credit

Related Terms: Loc , Wholesale Banking, Merchant Bank, Letter Of Credit, Agent Bank, Drawee, Bank Cheque, Issuer, Official Check, Documentary Credit, Draft, Merchant Account, Banker's Draft, Paying Bank, Bank Draft, Giro, Bankers Draft, Correspondent Bank, Acquirer, Merchant Banks, Share Draft, Issuing Bank, Irrevocable Credit, Negotiating Bank, Acquiring Bank, Accepting Bank, Advising Bank, Applicant, Confirmed Letter Of Credit, Confirming Bank, Reimbursing Bank, Collecting Bank, Bank Release, Originating Depository Financial Institution, Letters Of Credit, Deferred Payment Credit, Commercial Credit, Card Issuer, Bank Card, Pc Banking, Account Party, Commercial Letter Of Credit, Presenting Bank, Remitting Bank, Depository Institution, Depository Bank, Merchant Account Provider, Card Issuing Bank, Batch Settlement, Acceptance Credit

Also known as Issuing Bank. The Bank that opens a documentary credit at the request of its customer, the applicant.

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See Issuing Bank.

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Another name for the Issuing bank in a letter of credit.

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A letter of credit term denoting a bank which establishes a letter of credit. Compare "Issuing Bank."

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A bank which issues a Letter of Credit on behalf of a customer or Applicant. Also known as the Issuing Bank.

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