Assertion: negotiation | /r/HasProperty | the act of the nominated bank
Facets:
value: without going into too much detail
type: MANNER
value: in effecting payment to the beneficiary
type: TRANSITIVE-OBJECT
Source sentences:
text: Without going into too much detail, Negotiation is the act of the Nominated bank in effecting payment to the beneficiary (in advance of its own receipt of funds from the issuing bank) of the value of the presentation, less an amount of deduction by reason of the time element between the early payment date and the expected date of receipt of funds from the issuing bank.