International Trade Meaning and Definition of Advising Bank

A bank, operating in the exporter’s country, that handles LETTERS OF CREDIT for a foreign bank by notifying the exporter that the credit has been opened in his or her favor.

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Advising Bank in Historical Law

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What does Advising bank mean in American Law?

The definition of Advising bank in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

In the context of letters of credit, the bank which gives notice of the issuance of credit by another bank. See U.C.C. § 5-103.

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