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31 An issuing bank is not relieved of any of its obligations to provide reimbursement if reimbursement is not made by a reimbursing bank on first demand.
32 The issuing bank note company was printed in middle of the top border and the phrase RECEIVABLE IN PAYMENT OF ALL PUBLIC DUES. was printed in the middle of the bottom border.
33 The issuing bank would be driven out of business if it didn't. They all were using fractional reserve banking so if you have a big player that's demanding gold from you you're in trouble.
34 If no reimbursement is made, reimbursing bank's charges remain the obligation of the issuing bank.
35 An Issuing Bank shall not be relieved from any of its obligations to provide reimbursement if and when reimbursement is not received by the Claiming Bank from the Reimbursing Bank.
36 Letter of Credit without receiving the authority of the issuing bank.
37 An irrevocable credit shall be deemed to constitute a definite undertaking of the issuing bank.
38 The issuing bank which is now called the paying bank remits the money to the notifying bank.
39 The issuing bank must then issue the operative credit or amendment without delay in terms not inconsistent with the teletransmission.
40 For a confirmed credit(sentencedict.com/issuing bank.html), the beneficiary presents directly to the issuing bank. What are the risks?
41 Every presentation of documents must indicate the credit number of the issuing bank.
42 Advising bank means the bank that advises the credit at the request of the issuing bank.
43 Documentary L/C may provide for payment at sight or for acceptance of a time draft by either the issuing bank in the buyer's country or the correspondent bank in the seller's country.
44 A reimbursing bank's charges are for the account of the issuing bank.
45 An issuing bank should discourage any attempt by the applicant to include, as an integral part of the credit, copies of the underlying contract, pro forma invoice and the like.
46 Today the bank will be in the open market, one - year moratorium on issuing bank bills.
47 It therefore follows that it will, in most cases, be inappropriate for an issuing bank to modify or exclude sub-article 38 (k) in its transferable credit.
48 ANY PROCEEDS HEREUNDER WILL BE PAID UPON RECEIPT OF FUNDS FROM THE ISSUING BANK.
49 The Issuing Bank must forward the operative Credit instrument or the operative amendment to such Advising Bank without delay.
50 Every presentation of documents must indicates the credit number of the issuing bank.
51 To solve this problem, relationship between second beneficiary and issuing bank must be clarified, and the standard should be transferred L/C.
52 The issuing bank check, after payment to the negotiating bank.
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