Cryptocurrency Q&A
What is RA financing in LC bank?
What is RA financing in LC bank?
KimchiQueenCharmingKiss
Wed Oct 30 2024
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5 answers
915
I'm trying to understand the concept of RA financing in LC bank. Could someone explain what it is and how it works in the context of the bank's operations?
5 answers
SarahWilliams
Thu Oct 31 2024
RA Financing represents a specific type of Trade Credit structure.
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ShintoBlessing
Thu Oct 31 2024
This funding occurs against a reimbursement claim presented at sight, in accordance with the terms stipulated in the LC.
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SsangyongSpiritedStrengthCourageBravery
Thu Oct 31 2024
In this arrangement, the Reimbursing Bank fulfills the role of a lender.
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charlotte_clark_doctor
Thu Oct 31 2024
The lending is based on the Letter of Credit (LC), a financial instrument used in international trade.
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BlockProducer
Thu Oct 31 2024
The Reimbursing Bank funds the Exporter's Bank or the claiming Bank of a trade.
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