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In the SBLC transaction, who chooses the escrow agent and how does he verify the emission of SBLC?

April 26, 2017agent chooses emission escrow sblc transaction verify

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In the SBLC transaction, who chooses the escrow agent and how does he verify the emission of SBLC?

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We suggest an escrow agent who is experienced and insured for this kind of transaction. He will have complete freedom in his way of how to verify the enhancement instrument. Usually, the escrow agent receives a copy of the SWIFT and calls the bank subsequently.