The confirmation constitute a ______ in the letter of credit.
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______ makes first presentation of documents to the nominated bank under a transferable credit.
From the point of view of a Chinese bank, ____ is our bank’s account in the book of an overseas bank, denominated in foreign currency.
A. a vostro account
B. a nostro account
C. a mirrio account
D. a record account
The expiry date of L/C refers to the date of ( )of the documents.
A. negotiation
B. payment
C. acceptance
D. presentation
Under negotiation credit, draft must be drawn on a bank other than the( ).
A. negotiating bank
B. paying bank
C. issuing bank
D. advising bank