The reimbursing bank is one of the correspondence banks of the issuing bank with direct account relationship. Usually, the issuing bank keeps accounts with the reimbursing bank in foreign currencies. The reimbursing bank can be specified, if the L/C has been advised in a foreign currency (for the issuing bank).

 

At maturity, the bank using the application can reimburse the reimbursing bank for liabilities.

 

 

If this flag is set, the reimbursement panel becomes visible and reimbursement information

can be entered under the Import L/C