| English term or phrase: are tacitly understood | The most generally used means is documentary credit opened in favour of their suppliers in Europe. Generally speaking, documentary credits issued by XX banks cannot be confirmed. However, upon request and subject to the availability of appropriate limits, **advising banks are tacitly understood** to agree to the risk. They therefore assume the country risk and the bank default risk.
Infoschreiben einer Bank über Investitionen im Ausland. Haben die avisierenden Banken dies stillschweigend "vereinbart"? |
| GAKKudoZ activityQuestions: 1366 ( 2 open) ( 14 without valid answers) ( 17 closed without grading) Answers: 265
| | Local time: 10:02
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The translation workplace 
