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Methods of Payment Settlement

Tarsem Bhogal, Arun Kumar Trivedi

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Abstract

There are different methods of payment settlement. The following statement if 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”.

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What this paper is about

There are different methods of payment settlement. The following statement if 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”.

Why it matters

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Key contribution

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Method / approach

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Main findings

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Available abstract

There are different methods of payment settlement. The following statement if 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”.

Key concepts: Settlement (finance), Payment, Letter of credit, Conformity, Business, Statement (logic), Actuarial science, Finance

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