Issuing Bank
Definition
The issuing bank is the financial institution or bank that issues a letter of credit (LC) on behalf of the importer or buyer, providing a guarantee of payment to the exporter or seller once the required documents and conditions specified in the LC are met, facilitating secure and reliable international trade transactions.
Oops! Something went wrong while submitting the form.
Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers
Talk to one of our supply chain experts to get started now.
Talk to an Expert
