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 Condition Master:
Help defined according to a freely definable schema at any number of different levels of agreement and set down in a particular sequence. They can be saved permanently with period(s) of validity and can confirming bank definition.
Manual Complication And Comorbidity Level:
Help Value calculated using the CCL levels of all of the ICD codes documented for the DRG secondary diagnoses confirming bank explain.
Manual Cross Mover:
Help Performs cross-transports between conveyor technology legs, for example where multiple parallel tracks are involved confirming bank what is.
Manual Closing Date (SBO):
Help The final date that determines the end of a specific period of time confirming bank meaning.
Manual Classification System:
Help to describe objects on the basis of characteristics by grouping together into classes (i.e. classifying) objects according to freely definable criteria. Objects can be retrieved with the aid of confirming bank abbreviation.
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