Some managers find opportunity in ailing Japanese LOCs
- In brief. Hochstein, Marc; Brockman, Joshua; Jones, Dow // American Banker;2/9/1999, Vol. 164 Issue 26, p32
Reports on developments in the banking industry as of February 9, 1999. Includes the decision of Deutsche Bank AG and Jewish leaders to settle in principle the World War II compensation claims; Lawsuit filed by shareholder Shuichi Ogasawara to force former executives of failed Hokkaido...
- Letters of Credit: Another Case When the LC Issuing Bank Must Pay Despite Discrepancies. Nathan, Bruce // Business Credit;Jan2002, Vol. 104 Issue 1, p12
Discusses the issues concerning letters of credit (LC) in cases when the LC issuing bank must pay despite discrepancies. Requirements for the LC issuing bank's rejection of non-complying documents; Case of the Voest-Alpine Trading U.S.A. Corp. and the Bank of China; Minor errors in documents...
- USP500. Shaw, Martin // Business Credit;Sep2002, Vol. 104 Issue 8, p62
Examines Articles 14, 15 and 16 of the UCP500. Conditional payment from the confirming or negotiating bank to the beneficiaries of letters of credit (LC); Support for the autonomy principle underlying the LC business in Article 15; Absolution of banks through Article 16 from all liability and...
- Banks seek to alter legal guidelines on letters of credit. Iida, Jeanne // American Banker;10/5/1993, Vol. 158 Issue 191, p17
Reports on bankers' efforts to alter legal guidelines on letters of credit. Clarification of legal code due to increasing litigation over the instruments; Rules of the draft law Uniform Commercial Code Article 5 ignoring common banking practice and different from international guidelines; Plans...
- Letters of credit: When the issuing bank's mistake results in payment against nonconforming... Nathan // Business Credit;Oct99, Vol. 101 Issue 9, p14
Cites a condition whereby a letter of credit (L/C) beneficiary that presents non-complying documents to the L/C issuing bank can still receive payment on the L/C. Primary concern of the issuing bank; Requirements for rejection of non-complying documents; Case story where an L/C issuing bank was...
- Frequently Asked Secured Lending Questions. Evans, Jim // Illinois Banker;Oct2009, Vol. 94 Issue 9, p6
The article provides an answer to a question on how a bank, which issued a letter of credit (LC) to a customer, can avoid a substantial loss.
- SAUDI ARABIA: INCREASE IN LCs ISSUED IN FIRST LINE MONTHS OF 2001. // Middle East Business Intelligence;5/20/2001, Vol. 20 Issue 10, p2
Reports on the increase in the value of Saudi Arabia's private sector imports financed through commercial banks in the first nine months of 2001. Increase in newly opened letters of credit (LC) during the period; Percentage of LC composed by Western European exports.
- Choosing a Bank for Export Collections Services. Zung, Michael M. // Business Credit;Nov/Dec98, Vol. 100 Issue 10, p43
Presents tips on how to choose a bank for export collections services. Corporations' needs for documentary collection services and letters of credit; Engelhard Corp.'s search; Requirements for choosing a bank; Electronic handling of letters of credit.
- UA law class to study global banking practices. // Inside Tucson Business;11/06/2000, Vol. 10 Issue 33, p27
Reports on a study that will be conducted by a University of Arizona law class concerning global banking practices. Examination of the package of documents that constitute a letter of credit; Determination of the decision on payment or rejection of payment.