If an issuer requests its correspondent bank where the beneficiary is located to notify the beneficiary of the issuance of a letter of credit, the correspondent bank is called a(n):

Question

Quizplus · Accepted Answer

When an issuer requests its correspondent bank where the beneficiary is located to notify the beneficiary of the issuance of a letter of credit, the correspondent bank is called an advising bank.

If an Issuer Requests Its Correspondent Bank Where the Beneficiary