After issuing the letter of credit, the importer's bank sends it and the accompanying documents to the exporter's bank, which advises the exporter of the terms of the instrument, thereby creating a(n) ________.

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An advised letter of credit is one where the exporter's bank advises the exporter of the terms of the letter of credit without adding its confirmation. The bank acts as a mediator to convey the terms of the letter of credit from the importer's bank to the exporter.

After Issuing the Letter of Credit, the Importer's Bank Sends