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Methods of Payment Settlement

  • Tarsem Bhogal
  • Arun Trivedi
Chapter
Part of the Finance and Capital Markets Series book series (FCMS)

Abstract

There are different methods of payment settlement. The following statement is made by the issuing bank: “We hereby engage that payment will be duly made against documents presented in conformity with the terms of this credit”.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tarsem Bhogal
    • 1
  • Arun Trivedi
    • 1
  1. 1.LondonUK

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