A bank, finance company, or other entity that in the ordinary course of business (1) makes advances against goods or documents of title, or (2) by arrangement with either the seller or the buyer intervenes to make or collect payment due or claimed under a contract for sale, as by purchasing or paying the seller’s […]
financing agency 融资机构 任何经营融资业务的银行、财务公司或其他人。该机构的主要经营业务为在正常商业业务中以货物或权利凭证〔documents of title〕为凭提供贷款；或依据与卖方或买方达成的协议以正常方式参与支付或收取买卖中已到期或约定之款项，例如购买或支付卖方的汇票，或为之提供贷款，或单纯为收款而取得汇票，而不论汇票是否随附权利凭证。通过上述经营手段，该机构介入货物买卖双方之间，提供融资和减少双方商业风险的服务。
A letter of credit that directly obligates a financing agency (such as a bank) doing business in the seller’s financial market to a contract of sale. UCC § 2-325(3).
confirmed letter of credit Read More »