Trading TermsImplied Alpha Capital Gains Distribution All risks (AR) Stair-stepping Short-form bill of lading (B/L) Bid/tender bond
Nominated bank
A vital aspect of a documentary credit is the designated bank, responsible for making payments or issuing deferred payment undertakings. This bank, also known as the nominated bank, is required to fulfill its obligations outlined in the credit. Upon adding confirmation to the credit, the nominated bank becomes a confirming bank. Understanding the roles and responsibilities of the designated bank is crucial in navigating the world of finance.
Related terms
Understand the meaning and definition of Implied Alpha in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Capital Gains Distribution in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of All risks (AR) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Stair-stepping in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Short-form bill of lading (B/L) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Bid/tender bond in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
