1/10

Glossary

 

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Validity Date

Date after which a letter of credit is no longer available for payment.

 

Value Date

The date on which the actual exchange of currencies is to occur.

 

Vostro Account

How a correspondent bank refers to funds it holds on behalf of an overseas correspondent. See: Nostro-Vostro Accounts

 

 

Copyright © 2018 Trade Technologies, Inc. All Rights Reserved.