If an Issuer Requests Its Correspondent Bank Where the Beneficiary

question 51

Multiple Choice

If an issuer requests its correspondent bank where the beneficiary is located to notify the beneficiary of the issuance of a letter of credit, the correspondent bank is called a(n) :

• A) advising bank.
• B) foreign bank.
• C) consulting bank.
• D) coissuer.

---

Definitions:

Key Performance Indicator

An assessable figure indicating how well an organization is accomplishing its main objectives.

Risk Mitigation

The process of planning and implementing measures to reduce vulnerability to risks and their impact on a project, business, or operation.

Service Quality

The comparison of perceived expectations with actual service performance, typically used in evaluating customer satisfaction in service industries.

Key Performance Indicator

A measurable value that demonstrates how effectively a company or individual is achieving key business objectives or targets.