advising bank

(banking) The bank (also referred to as the seller’s or exporter’s bank) which receives a letter of credit or amendment to a letter of credit from the issuing bank (the buyer’s bank) and forwards it to the beneficiary (seller/exporter) of the credit. See letter of credit; confirming bank; issuing bank.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support