ADVISING BANK Definition

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ADVISING BANK is a bank in the exporters country handling a letter of credit.

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FINANCIAL FORECASTS are prospective financial statements that present expected future financial position, results of operations, and cash flows based on expected conditions, i.e. a financial forecast is of the most likely future scenario.

GILT is a bond issued by the UK government. Gilts are equivalent to a U.S. Treasury security.

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