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2. Soft probe - Wikipedia

   en.wikipedia.org/wiki/Soft_probe

   A soft probe is a confirmation method used by banks to verify funding for a seller from a buyer, conducted by the seller's bank to the buyer's bank.Such a probe is not recorded in the buyer's banking information, and usually nothing but confirmation or lack of confirmation is recorded by the seller.

3. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   A confirming bank is a bank other than the issuing bank that adds its confirmation to credit upon the issuing bank's authorization or request thus providing more security to the beneficiary. A complying presentation is a set of documents that meet with the requirements of the letter of credit and all of the rules relating to letters of credit.

4. Maker-checker - Wikipedia

   en.wikipedia.org/wiki/Maker-checker

   Maker-checker (or Maker and Checker or 4-Eyes) is one of the central principles of authorization in the information systems of financial organizations. The principle of maker and checker means that for each transaction, there must be at least two individuals necessary for its completion. While one individual may create a transaction, the other ...

5. Power of attorney - Wikipedia

   en.wikipedia.org/wiki/Power_of_attorney

   Power of attorney. A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs (which may be financial or regarding health and welfare), business, or some other legal matter.

6. Letter of intent - Wikipedia

   en.wikipedia.org/wiki/Letter_of_intent

   A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .

7. Advising bank - Wikipedia

   en.wikipedia.org/wiki/Advising_bank

   The advising bank is not necessarily responsible for the payment of the credit which it advises the beneficiary of. The advising bank is usually located in the beneficiary's country. It can be (1) a branch office of the issuing bank or a correspondent bank, or (2) a bank appointed by the beneficiary. An important point is the beneficiary has to ...