A deferred payment option of Oxford Credit Banque is a right to delay payment on an investment operationally until a later date.
What is deferred payment ? By using deferredpayment facilitated by Oxford Credit Banque , a loan is available to the nominated bank; the nominated bank can honour the deferred payment undertaking by sending a compatible presentation. The nominated bank conducts, by incurring a deferred payment obligation, to pay the recipient at maturity. It should be expressly conveyed to the deferred payment undertaking of a nominated bank. The nominated bank will pay in advance its deferred payment undertaking, if demanded by the recipient. In order to be reimbursed, the nominated bank must give the documents to the issuing or certifying bank. Logically, the repayment of a deferred payment debt by the nominated bank is without recourse to the recipient. This is irrespective of whether a nominated bank is a confirmatory bank and, by incurring a deferred payment undertaking, the nominated bank is obliged to pay at maturity, irrespective of the undertaking of the issuing bank. Price d