Examples of using
信用状
in Japanese and their translations into English
{-}
Colloquial
Ecclesiastic
Computer
Programming
美しい顔が推薦状であるならば、美しい心は信用状である。
If a good face is a letter of recommendation, a good heart is a letter of credit.”.
年7月7日、SCBは、移転信用状の額面額全額を、利息と経費共に支払い、手続は停止しました。
On 7 July 2010 SCB paid the full the amount of the face value of the transfer letter of credit together with interest and costs, and the proceedings were discontinued.
The trial commenced on June 2019 and some of the transactions that the linked systems supported the conveyance of a Letter of Credit via Voltron from the UAE to Hong Kong.
An Intralinks Debtspace VDR can help you securely organize and share information, facilitating a smooth processing of all essential documents, including letters of credit, bank guarantees, payment records, and more.
She was responsible for creating a global banking platform of treasury services which included CoBiz's own SWIFT code, FX capabilities, letters of credit and financing options through SBA and EXIM Bank.
In getting loans with Letter of Credit(L/C) in the commercial banking services of the foreign banks, it will take more time than local ones, businesses said.
With Wave's platform, the trade process for almost $100,000 of cheese and butter, from the issuing of the letter of credit to the approval of it, took less than four hours, drastically down from the traditional time of seven to 10 days.
In a crisis, banks mistrust each other, and denying letters of credit is one of the easiest ways for them to decrease their exposure to counterparty risk(the chance that the buyer's bank, which drew up the letter of credit, won't be able to make the payment).
They offer to pay for these coveted documents(bank guarantees, bankers' acceptances, letters of credit) either in cash or by lending to the bank's clients and this within a month or more from the date of their issuance.
Through the komgo platform, the bank will work to digitize letters of credit and trade finance products, streamline identity verification[KYC] procedures, and enhance security by encrypting documents and data between trade finance parties.
Although it took at least a few days to process the letter of credit so far, now we can confirm that sharing it in the block chain makes it possible to browse the information in a few minutes, so that the time can be reduced considerably and work can be speeded up even when the letter of credit is need to be corrected.
The blockchain would be used to record the terms of the contract, manage trade documentation, allow the farmer to put up collateral, obtain letters of credit, and finalize transaction terms with immediate payment, conducting global trade with transparency and relative ease", IBM said.(more…).
All of the letters of credit generally issued are irrevocable(irrevocable L/C), therefore even in case there is a clear error in the letter of credit, without an agreement of the beneficiary of the letter of credit(usually the exporter) the applicant(usually the importer) cannot correct or revise it unilaterally.
We welcome the work carried out by the WTO Expert Group on Trade Financing, and commit to exploring ways to use market-oriented incentives to expand WTO-compatible trade finance and the availability of trade credit, guarantees, insurance, factoring, letters of credit and innovative financial instruments, including for micro, small and medium-sized enterprises in developing countries.
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