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Meaning of "advising bank" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF ADVISING BANK

advising bank  [ədˈvaɪzɪŋ bæŋk] play
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GRAMMATICAL CATEGORY OF ADVISING BANK

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Advising bank is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ADVISING BANK MEAN IN ENGLISH?

Advising bank

An advising bank advises a beneficiary that a letter of credit opened by an issuing bank for an applicant is available. 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 is usually located in the beneficiary's country. It can be a branch office of the issuing bank or a correspondent bank, or a bank appointed by the beneficiary. Important point is the beneficiary has to be comfortable with the advising bank. In case, the issuing bank most often sends the L/C through its branch office or correspondent bank to avoid fraud. The branch office or the correspondent bank maintains specimen signature on file where it may counter-check the signature on the L/C, and it has a coding system to distinguish a genuine L/C from a fraudulent one . In case, the beneficiary can request the applicant to specify his/her bank as the advising bank in an L/C application.

Definition of advising bank in the English dictionary

The definition of advising bank in the dictionary is a bank that advises the intended beneficiary of a letter of credit that it has received the letter of credit, checks documents presented by the beneficiary with the issuing bank from whom the letter of credit was received and, finally, issues funds to the beneficiary.

WORDS THAT RHYME WITH ADVISING BANK


banc
bæŋk
bank
bæŋk
biobank
ˈbaɪəʊˌbæŋk
claybank
ˈkleɪˌbæŋk
Clydebank
ˌklaɪdˈbæŋk
cryobank
ˈkraɪəˌbæŋk
embank
ɪmˈbæŋk
Firbank
ˈfɜːbæŋk
interbank
ɪntəˈbæŋk
Medibank
ˈmɛdɪbæŋk
mountebank
ˈmaʊntɪˌbæŋk
multibank
ˌmʌltɪˈbæŋk
nonbank
ˌnɒnˈbæŋk
sandbank
ˈsændˌbæŋk
seabank
ˈsiːˌbæŋk

WORDS THAT BEGIN LIKE ADVISING BANK

adviceful
advisability
advisable
advisableness
advisably
advisatory
advise
advised
advisedly
advisedness
advisee
advisement
adviser
advisership
advisor
advisorate
advisories
advisory
advisory opinion
advisory teacher

WORDS THAT END LIKE ADVISING BANK

angle of bank
autobank
bad bank
blood bank
break the bank
central bank
chartered bank
commercial bank
data bank
development bank
fog bank
investment bank
land bank
laugh all the way to the bank
memory bank
national bank
piggy bank
reserve bank
river bank
savings bank
state bank

Synonyms and antonyms of advising bank in the English dictionary of synonyms

SYNONYMS

Translation of «advising bank» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ADVISING BANK

Find out the translation of advising bank to 25 languages with our English multilingual translator.
The translations of advising bank from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «advising bank» in English.

Translator English - Chinese

通知行
1,325 millions of speakers

Translator English - Spanish

banco asesor
570 millions of speakers

English

advising bank
510 millions of speakers

Translator English - Hindi

सलाह दे बैंक
380 millions of speakers
ar

Translator English - Arabic

المصرف المراسل
280 millions of speakers

Translator English - Russian

консультирование банк
278 millions of speakers

Translator English - Portuguese

aconselhando banco
270 millions of speakers

Translator English - Bengali

ব্যাংকের পরামর্শ
260 millions of speakers

Translator English - French

banque-conseil
220 millions of speakers

Translator English - Malay

Bank Penasihat
190 millions of speakers

Translator English - German

Beratung Bank
180 millions of speakers

Translator English - Japanese

通知銀行
130 millions of speakers

Translator English - Korean

통지 은행
85 millions of speakers

Translator English - Javanese

Nyiyapake bank
85 millions of speakers
vi

Translator English - Vietnamese

tư vấn cho ngân hàng
80 millions of speakers

Translator English - Tamil

வங்கி ஆலோசனை
75 millions of speakers

Translator English - Marathi

सल्ला देणे बँक
75 millions of speakers

Translator English - Turkish

danışmanlık Bankası
70 millions of speakers

Translator English - Italian

consulenza banca
65 millions of speakers

Translator English - Polish

doradztwo bankowe
50 millions of speakers

Translator English - Ukrainian

консультування банк
40 millions of speakers

Translator English - Romanian

consilierea bancar
30 millions of speakers
el

Translator English - Greek

συμβουλεύει τράπεζα
15 millions of speakers
af

Translator English - Afrikaans

adviseer bank
14 millions of speakers
sv

Translator English - Swedish

rådgivning bank
10 millions of speakers
no

Translator English - Norwegian

rådgivning til banken
5 millions of speakers

Trends of use of advising bank

TRENDS

TENDENCIES OF USE OF THE TERM «ADVISING BANK»

The term «advising bank» is normally little used and occupies the 140.573 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
34
/100
The map shown above gives the frequency of use of the term «advising bank» in the different countries.
Principal search tendencies and common uses of advising bank
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «advising bank».

FREQUENCY OF USE OF THE TERM «ADVISING BANK» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «advising bank» during the past 500 years. Its implementation is based on analysing how often the term «advising bank» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about advising bank

EXAMPLES

10 ENGLISH BOOKS RELATING TO «ADVISING BANK»

Discover the use of advising bank in the following bibliographical selection. Books relating to advising bank and brief extracts from same to provide context of its use in English literature.
1
The Law of Letters of Credit and Bank Guarantees
ADVISING BANK General In business terms, the duty to advise a credit is seen as an opportunity to establish or re-enforce business contact with the beneficiary. For example, the advising bank could offer to negotiate the beneficiary's draft ...
Agasha Mugasha, 2003
2
German Banking Law and Practice in International Perspective
b) Agency The Advising Bank acts as the Issuing Bank's agent by advising the Beneficiary of the opening of the L/C and of its terms. Its mandate can be extended, however. In many cases, the Advising Bank will be instructed by the Issuing ...
Norbert Horn, 1999
3
The Handbook of International Trade and Finance: The ...
For anyone involved in international sales, finance, shipping and administration, or for those studying for academic or professional qualifications in international trade, The Handbook of International Trade & Finance offers an extensive ...
Anders Grath, 2013
4
Handbook of International Banking
The advising bank informs the exporter of all the terms and documents required and authenticates the genuineness of the L/C. The advising bank may agree to handle the L/C without giving any financial commitment itself to pay the exporter.
A. W. Mullineux, Victor Murinde, 2003
5
Finance of International Trade
The beneficiary will have found his ultimate supplier and returns to the advising bank with a request that the credit be transferred. At this point the advising bank has to decide whether it wishes to transfer the credit and incur the risks associated ...
Eric Bishop, 2004
6
国际支付与结算:
In a negotiation credit, the issuing bank may authorize the advising bank or another bank to negotiate the documents under the credit; it may be authorized to be freely negotiable by any bank. When banks negotiate the credit, they deduct the ...
‎2004
7
Export/Import Procedures and Documentation
If the letter of credit is a confirmed letter of credit, the U.S. bank is called the confirming bank; otherwise, it is called the advising bank. The advice will specify the exact documents that the exporter must provide to the bank in order to receive  ...
Thomas E. JOHNSON, Donna L. BADE, 2010
8
International Trade Finance: A Practical Guide (2nd Edition)
Trade Finance: A Practical Figure 9.4 Contractual relationship between Issuing Bank, Advising Bank and Beneficiary 1. Instruct or request its branch/subsidiary 2 . Advise the credit to beneficiary or corresponding bank to have the D/C without ...
Kwai Wing Luk, 2011
9
Standby and Commercial Letters of Credit
The beneficiary can be advised of a credit or amendments by an advising bank. If the advising bank is not also a confirming bank, it will not add its confirmation to the wording of the credit. To avoid doubt, the advising bank may add wording to ...
Brooke Wunnicke, Paul S. Turner, 2000
10
Transnational Commercial Law: International Instruments and ...
A credit and any amendment may be advised to a beneficiary through an advising bank. An advising bank that is not a confirming bank advises the credit and any amendment without any undertaking to honour or negotiate. b. By advising the ...
Roy Goode, Herbert Kronke, Ewan McKendrick, 2012

10 NEWS ITEMS WHICH INCLUDE THE TERM «ADVISING BANK»

Find out what the national and international press are talking about and how the term advising bank is used in the context of the following news items.
1
Jeb Bush Made $29 Million After Leaving Office, Tax Returns Show
He said he deepened his knowledge about foreign markets while advising bank clients from Europe to Asia. “My experience in government ... «Bloomberg, Jul 15»
2
Linklaters scoops lead role as Bank of China raises $3.5bn for …
Firm wins role on Asia's first four-currency bond offering with Clifford Chance acting for the underwriters Linklaters has won the lead mandate advising Bank of ... «Legal Week, Jun 15»
3
How to spot credit card skimming at ATMs
Police are advising bank customers who believe their identities may have been compromised to contact their financial institutions or the Bank of ... «Oneida Dispatch, Jun 15»
4
1MDB's power assets – boon or bane to TNB?
Of the four, only TNB, Malakoff and YTL Power were said to have signed non-disclosure agreements (NDAs) with the advising bank for the deal ... «The Star Online, Jun 15»
5
Four eye Edra Global; 1MDB has major stake in Edra
... signed non-disclosure agreements (NDAs) with the advising bank, Maybank Investment Bank Bhd, and are in various stages of discussions, ... «The Star Online, Jun 15»
6
Bristol Gate U.S. Fund's 22 Top Dividend Stocks
Simmie, who was advising Bank of Nova Scotia on high-net-worth investment products at the time, devised a dividend-focused strategy that he ... «Barron's, May 15»
7
Shepherd's small steps bring leap for new AFL club GWS Giants
... as well as chairing the Sydney Cricket Ground Trust, the ASTRA pay-television lobby group, and advising Bank of Tokyo-Mitsubishi UFJ. «The Australian, May 15»
8
Top Egypt medical firm sees London IPO 11 times oversubscribed
... (IPO) of Egypt's largest medical diagnostics company on the London Stock Exchange was 11.2 times oversubscribed, the advising bank said ... «Ahram Online, May 15»
9
Advisers recommend BofA shareholders vote against breakup …
Institutional Shareholder Services and Glass Lewis are advising Bank of America stockholders to vote against a proposal that calls on the ... «Charlotte Observer, Apr 15»
10
Late Brother's Boutique Beckons Longtime Reed Smith Partner
... Smith team advising Bank of New York Mellon on its $2.3 billion buy of the global investment servicing business of PNC Financial Services. «The American Lawyer, Mar 15»

REFERENCE
« EDUCALINGO. Advising bank [online]. Available <https://educalingo.com/en/dic-en/advising-bank>. Apr 2024 ».
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