Home » Expiry of a Reimbursement Authorization

Expiry of a Reimbursement Authorization

But to the degree explicitly consented to by the repaying bank, the repayment approval ought not be liable to an expiry date or most recent date for introduction of a claim, with the exception of as showed in article 9.

A repaying bank will accept no accountability for the expiry date of a credit and, if such date is given in the repayment approval, it will be dismissed.

The issuing bank must drop its repayment approval for any unutilized part of the credit to which it alludes, advising the repaying bank immediately.

RSS
Facebook
Twitter
YouTube
Pinterest
LinkedIn
Instagram