Letter of Credit Forum

Hi.. need one answer to avoid the delay in settlement of foreign funds for clients. e.g.  Correspondence banks are essential to settle the transfer of funds. Sometimes beneficiary provide only beneficiary bank details and does not provide the correspondance bank details in complete. In such cases remitter's corr bank uses its own tied up banks in beneficiary's country to transfer the funds to beneficiary and those banks usually convert the funds in local currency at worst forex rates and transfer the funds to beneficiary bank.

Request for any suggestion on it that do the remitter's corr banks not carry the beneficiary bank's swift details so that funds should reach them directly.