国际结算笔记4(18)

Chapter5 means of international settlementⅠis to make a payment to or to the order of a third party (the beneficiary), or is to accept and pay bills of exchange drawn by the benefici

ary; Ⅱauthorizes another bank to effect such payment or to accept and pay such bills of exchange; Ⅲauthorizes another bank to negotiate, against stipulated documents, provided that the terms and conditions of the credit are complied with.

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