Cable for Authority to Pay

From Open Risk Manual
Revision as of 23:02, 10 February 2020 by Wiki admin (talk | contribs) (Initial Entry)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

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.

Retrieved from "https://www.openriskmanual.org/wiki/index.php?title=Cable_for_Authority_to_Pay&oldid=12996"
  • Creative Commons Attribution-NonCommercial-ShareAlike
  • Powered by MediaWiki
  • Powered by Semantic MediaWiki