Glossary entry (derived from question below)
English term or phrase:
London counters
English answer:
counters of London banks
Added to glossary by
Jack Doughty
Jun 21, 2017 19:21
6 yrs ago
English term
London counters
English
Bus/Financial
Finance (general)
Country : UK
We require the issue of an Irrevocable, UK Bank Confirmed, transferable Letter of Credit, permitting partial shipment from any West European Airport, valid for shipment for a period of 6 months with a final date of expiry within 8 months from L/C opening date, negotiable over London counters as follows...
What does it mean?
Thank you
What does it mean?
Thank you
Change log
Jun 27, 2017 05:14: Jack Doughty Created KOG entry
Responses
+5
23 mins
Jack Doughty
United Kingdom
United Kingdom
Native in English
&
English
United Kingdom
Translator since 1953
Native in: English
Works in: Russian to English, German to English, English
Related KudoZ points
:
79
Selected
counters of London banks
able to be cashed over the counters of any of the London banks.
4 KudoZ points awarded for this answer.
+3
40 mins
Any financial institution in London dealing with L/Cs
"counter" here is not necessarily (and most likely not) a physical "counter" like in a bank - it means simply means "a place where you can do some trading / exchange"
Peer comment(s):
| agree |
Svetlana Babrauskiene
7 mins
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Thanks!
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| agree |
bonafide1313
: although "counters" here do not mean simply "a place where you can do some trading / exchange", they mean a bank/FI that will have the role of the negotiating bank
3 hrs
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"they mean a bank/FI ..." - yes, as is my proposed translation. Thanks!
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| agree |
Yasutomo Kanazawa
8 hrs
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Thanks!
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