International Commercial Terms Document - V

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Value-added: The increased value at each stage of a manufacturing assembly process.

Value date: Date on which a foreign exchange contract is executed, i.e. seller delivers foreign currency.

Vendor Leasing: A financing vehicle between a financing source and a vendor to provide financing to stimulate the vendor's sales. The financing source offers leases or conditional sales contracts to the vendor's customers. The vendor leasing firm substitutes as the captive finance company of a manufacturer or distributor through the extension of leasing to customers, provisions of credit checking, and performance of collections and operational administration. Also known as a lease asset servicing or vendor programs.

Vostro account: How a correspondent bank refers to funds it holds on behalf of an overseas correspondent.