 |
|
Subject: retention bank. Dear all,Help urgently needed: The document talks about banking administration, project development and bills of exchange, among other things... "• Why should the Bank endorse the bills of exchange (without protest)? Answer: The total amount due for payment shall be the aggregate total of the accepted bills of exchange over the Concession period. The goods and service paid by the SPV (Special Purpose Vehicle) as the Acceptance House (Confirmer) shall have been delivered to the Sponsor under its control with retention held by the SPV. " Thank you very much! |
| You need to be logged in to post in the forum |