term bank confirming help what is
Meaning of confirming bank. What is it: payment of a letter of credit when documents are correct.

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Definition confirming bank

CONFIRMING BANK title: confirming bank (SD-FT) (SAP Library - Glossary)
CONFIRMING BANK category: Foreign Trade (SD-FT)
CONFIRMING BANK explained:

A bank in the exporter's country that guarantees payment of a letter of credit when documents are correct and presented on time.

The confirming bank is also called the "advising bank".

More terms such as confirming bank in Dictionary C.

Manual Control Bar:
Help in Session Manager. The control bar contains logon information as well as the icons for the user menu, the company menu, and the SAP standard menu. It also includes the Log off and Help options confirming bank definition.
Manual Content Component Hierarchy Type:
Help to describe the criteria used to place content components in relationship with one another. The structural, price and statistics content component hierarchy types exist in the system confirming bank explain.
Manual Collateral (CRM-IFS):
Help collateral object and the collateral agreement. These are linked to each other by the charge. The collateral agreement contains the purpose declaration, in which a global/wide or a specific/narrow confirming bank what is.
Manual Contract Template (SBO):
Help A basic structure for a service contract that includes the contract type, coverage time, resolution time, and so on confirming bank meaning.
Manual Check-In (PE-LSO):
Help Transfer of a reusable object from a local repository to the master repository. A new version number is assigned confirming bank abbreviation.
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