Bank A in Mexico City posts a letter of credit with an American company as the seller-beneficiary in the transaction. How will A typically advise the seller that the letter of credit is available for pick up? a. Contact Eximbank to act as an intermediary with seller. b. Send the letter to a correspondent bank in Mexico. c. Contact seller directly. d. Send the letter to a correspondent bank in the US which itself will advise seller.

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The most common way for Bank A in Mexico City to advise the seller that the letter of credit is avai... View the full answer