What is pgl in banking?

cash funds from the sending bank, and Party-B once locate these arrived funds into receiver common account will issue a Payment Guarantee Letter (PGL) welcome endorsed from receiver or payor bank within 2 bank working days and also provide bank screen shot as receiver bank that attest the located seen arrived funds. What Is a Bank Endorsement? A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable. You might also like some similar terms related to PGL to know more about it. What does PGL stand for? What does PGL mean? We have 7 definitions. With the issuance of this PGL, the CDLE is establishing our revised subrecipient.