PAYMENT SECURITY OF USANCE DOCUMENTARY CREDIT (DC) FOR BENEFICIARY'S BANK
Journal Title: Educational Research International - Year 2019, Vol 8, Issue 2
Abstract
This research is conducted based on the understanding of that either Sight DC or Usance DC both have the same level of payment security for Beneficiary's Banks. In fact Usance DC is relatively safer than Sight DC for Beneficiary’s Bank. In Usance DC payment is not made by the Beneficiary's Bank to the exporter upon receipt of export documents, but rather the payment is made upon receipt of acceptance message from Issuing Bank. Acceptance message containsthe capability to pay on a certain date with a certain value from Issuing Bank to the Beneficiary's Bank. In other words, the payment is made by the Issuing Bank as stated in the acceptance message. This shows that Usance DC has a payment security and contains a relatively small risk of being unpaid. This research is made based on this phenomenon using a qualitative descriptive research method.
Authors and Affiliations
Acu Kusnandar, Finny Redjeki
Keywords
Related Articles
- EP ID EP588347
- DOI -
- Views 106
- Downloads 0
Impact of Terrorism on Students’ Participation in Co-Curricular Activities of Secondary School Students in Khyber Pakhtunkhwa, Pakistan
The study aimed at identifying the terrorism’s impact on the co-curricular activities of secondary school students in Khyber Pakhtunkhwa. The study was significant because Khyber Pakhtunkhwa is the worst terrorism affect...
TEMPLATES CUSTOMIZATION IN TELEVISION NEWS CHANNELS IN INDIA
There is the tremendous competition among these channels to share the viewers and get the highest TRP and get the advertisements. The templates customization in television news channels in India is amplified in this pape...
THEORETICAL FOUNDATIONS OF GLOBALIZATION AND MEDIA MANAGEMENT: A NEW PERSPECTIVE
In this paper, the theoretical foundation of globalization and media management is primarily examined. The subject of globalization has been widely discussed in the new millennium by the scholars, administrators, activis...
INVESTIGATION OF THE STUDENT AND TEACHER OPINIONS ABOUT THE SCREENCASTING CENTERED COURSE
The current study aimed to analyze student and teacher opinions that participated to a screencasting centered undergraduate course. To achieve this, screencasts about Photoshop software were created using Camstudio Open...
EXPLORING THE ROLE OF CONFIDENCE TO ENHANCING SPORTS PERFORMANCE
Sports Psychologists over the years are involved in exploring scientific techniques toward assisting athletes at top competitive level, have feelings that will instill the hope and drive in them to persevere even...