Credit transfer

Sir how to understand the above problem

Reference please for your "what-if" query

Sir please answer this last question Because the article1 of un convention of international credit transfer states that any sending bank and it's receiving bank must be in different states Which sending bank and receiving bank they are talking about Only the originator bank and beneficiary bank Because a intermediary bank can be in same state as the sending bank Then will it not constitute international credit transfer even though the beneficiary bank is in different state?

I would imagine that, for the transfer to qualify as an international, the original sending bank and the original receiving bank should be in different states and it probably doesn't matter if there are intermediary banks acting as steppingstones that lie within the same state as either the sender or the receiver. However, Article 8 (and particularly sub-article 6) would seem to suggest that an intermediary bank, even if it's in the same state, should be treated as a separate bank ... and a similar sub-article is stated at the end of Articles 11 and 12. I now know more about international credit transfers than before and, more worrying, I know more now than I shall ever need in the future and that I wanted to know today. So please, no more on International Credit Transfers OK?

Ok sir Original sending bank means originator bank Right?

The one that initiates the entire process whether or not that process involves intermediaries. OK?

The one that initiates the entire process whether or not that process involves intermediaries. OK?

Sir originator's bank is the one that initiate the process?

Is that not what I said - it's what I meant.