„Advising Bank“

An ‘advising bank’ is a correspondent of a bank which issues a letter of credit, and, on behalf of the issuing bank, the advising bank notifies the beneficiary of the terms of the credit, without engagement on its part to pay or guarantee the credit.

Source:

Channel, J. and Mohan, T. (2009). Dictionary of Foreign Trade. 2nd ed. New York: Dover Publications, p. 32.