Difference between revisions of "Cable for Authority to Pay"
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
(No difference)
|
Latest revision as of 23:02, 10 February 2020
Definition
Cable for Authority to Pay. It is a request for permission to pay a letter of credit draw, even if there might be discrepancies. It is sent digitally by the negotiating financial institution to the issuing financial institution.
