* LETTER OF CREDIT (LC/L/C) - AN OVERVIEW

This suggests corporations don't have to empty their bank accounts or max out conventional financial loans to maintain small business flowing.So widespread follow would be that the exporter requests a letter of credit from the client’s bank, a guarantee over the payment.Bank Guarantees are just what they seem like, a guarantee from a bank that c

A large auto corporation features a plethora of suppliers from wherever it'll source its components. Suppliers would like to get an early payment of their invoices to strengthen their cash flows. The vehicle business chooses a bank to facilitate the supply chain finance with its supplier networks. In effect, it extends credits to the brands, based