advising bank

Important point is the beneficiary has to be comfortable with the advising bank.

The advising bank is usually located in the beneficiary's country.

One of his friends suggested he could make a nice living advising banks on how to comply with the lending laws.

The market capitalization could rise above $80 billion if the advising banks exercise their options to buy additional shares.

"Basically, my job is advising banks on how to improve their defences against accidents and fraud.

Advising Bank's responsibility is to authenticate the letter of credit issued by the issuer to avoid fraud.

The advising bank is not necessarily responsible for the payment of the credit which it advises the beneficiary of.

The advising bank lets the exporter know exactly what the conditions of the letter of credit are but isn't necessarily responsible for payment.

My Lord, you'd think I was a corporation lawyer, sitting at a desk, advising banks and probating estates!

William M. Isaac has parlayed his years as a top banking regulator into a profitable business advising banks on how to deal with regulators.

Regulators are advising banks to review all such denials, and be sure that it is not just minority applicants who are being refused loans on these grounds.

They include Kendrick R. Wilson 3d, who was hired earlier this year and who specializes in advising banks on mergers and acquisitions.

In case (2), the beneficiary can request the applicant to specify his/her bank (the beneficiary's bank) as the advising bank in an L/C application.

Wrottesley works in finance, is a partner in Vanquish Capital Partners, advising banks on capital raising strategies, particularly for Private Equity.

That is a paradoxical decision, said Menachem Feder, a Tel Aviv lawyer who is advising Bank Tefahot on mortgage securitization.

Now, at age 47 and with a few more gray hairs, Mr. Isaac has parlayed his former career in Government into a profitable business advising banks on how to deal with regulators.

Your customer arranges a letter of credit with its bank, which then pays a corresponding bank in the UK - the advising bank - once you submit all the necessary documentation.

If the four primary advising banks exercise an option to buy shares, the company could sell shares worth up to $400 million more at the initial public offering price, Rosneft said in a statement.

But Joseph Perella, head of investment banking at Morgan Stanley Dean Witter & Company, another firm that is advising Bank of Scotland, defended Mr. Gleacher's presence.

Gary Parr, for example, who heads the firm's financial institutions business, was responsible for perhaps Lazard's biggest coup this year: advising Bank One on its $58 billion merger with J.P. Morgan Chase.

By the time he terminated Thrift Value Fund relationship in late 1997, García was working at the Greenberg Traurig law firm in Miami, advising banks and Savings and Loans institutions.

After a day at work advising bank clients on their investments, Karsten Finger, a 30-year-old Berliner, likes to spend an hour or two on the Internet, looking for bargain-priced rental cars, vacations, books and CD's.

If the domestic bank advising the exporter of the letter of credit confirms it, the document is known as a confirmed irrevocable letter of credit which means both the issuing and advising banks guarantee payment.

The parties to a letter of credit are the supplier, usually called the beneficiary, the issuing bank, of whom the buyer is a client, and sometimes an advising bank, of whom the beneficiary is a client.

"Reinvestment opportunities for banks who are raising capital have never been better," said Richard Barrett, a managing director at Salomon Brothers and one of many investment bankers who have been advising banks to issue new securities.