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English definition of “advising bank”

advising bank

noun [C]     (also notifying bank) BANKING, COMMERCE
a bank in the country of an exporter that tells the exporter about a letter of credit (= a document that promises to pay a particular amount of money into the exporter's account ) and checks that the letter of credit is real and honest : The advising bank notifies the exporting firm of the terms of the letter of credit .
(Definition of advising bank noun from the Cambridge Business English Dictionary © Cambridge University Press)
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