Current location - Loan Platform Complete Network - Foreign exchange account opening - Is the letter of credit in Bangladesh acceptable? The issuing bank is: EMIM Bank Mott Hill Branch. Is this bank in Europe and America?
Is the letter of credit in Bangladesh acceptable? The issuing bank is: EMIM Bank Mott Hill Branch. Is this bank in Europe and America?
Bank credit in Bangladesh is almost always low. Banks are at the mercy of customers. Letters of credit issued by foreign exchange control countries are all back-to-back letters of credit. You don't want to accept this, so there are often cases of delayed payment. Some banks even lied on MT999 and the invalid acceptance telegram of "the applicant has accepted", which delayed the time.

In addition, the terms of letters of credit in Bangladesh are notoriously complicated and often contain soft terms. When reviewing the letter of credit, it is best to ask the bank for help. If the terms are unacceptable, try to propose amendments or deletions to the other party.

Export Import Bank of Bangladesh Ltd is a local bank in Bangladesh, with a moderate credit rating, but it is not a big problem. The key depends on the reputation of the other customer and the foreign exchange receipt of the corresponding main certificate under a single business.