advising bank
noun[C]
BANKING,COMMERCEukus(alsonotifying bank)abankin thecountryof anexporterthattellstheexporterabout aletterofcredit(= adocumentthatpromisestopayaparticularamountofmoneyinto the exporter'saccount)andchecksthat theletterofcreditisrealandhonest:
Theadvisingbanknotifiestheexportingfirmof thetermsof theletterofcredit.