Mezra Forfaiting –
The following additional documentation is required for transactions where there is a letter of credit :-
The following additional documentation is required for transactions where there is a letter of credit :-
5)Acknowledgement of issuing bank
and advising/confirming bank of the
assignment and confirmation that they will
pay at maturity directly to financing
bank.
6)Confirmation by the letter of credit issuing and advising/confirming banks that documents under the letter of credit have been taken up by applicant