Letter of credit and SLY: Difference between pages

Revision as of 19:37, 20 November 2015

The key short-term investment principles and prioritisation of:

Security

Liquidity and

Yield

This ordering of the principles and considerations is fundamentally important.

The safety and security of the funds invested are always the first priority.

Yield is the least important of the three considerations.

@@ Line 1: / Line 1: @@
-(LC).
+The key short-term investment principles and prioritisation of:
-A promise document issued by a bank or another issuer to a third party to make a payment on behalf of a customer in accordance with specified conditions.
-Letters of credit are frequently used in international trade to make funds available in a foreign location.
+<b>S</b>ecurity
+<b>L</b>iquidity and
+<b>Y</b>ield
+This ordering of the principles and considerations is fundamentally important.
+The safety and security of the funds invested are always the first priority.
+Yield is the least important of the three considerations.
 == See also ==
-* [[Advising bank]]
+*[[Security]]
-* [[Bank payment obligation]]
+*[[Liquidity]]
-* [[Clean letter of credit]]
+*[[Yield]]
-* [[Commercial risk]]
-* [[Condition]]
-* [[Confirmed letter of credit]]
-* [[Confirming bank]]
-* [[Credit]]
-* [[Documentary credit]]
-* [[Irrevocable letter of credit]]
-* [[Issuing bank]]
-* [[LOC backed]]
-* [[Standby letter of credit]]
-* [[Uniform Customs and Practice for Documentary Credits]]
-==Other links==
-[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]
-[[Category:Trade_Finance]]
+===Other links===
+*[[Media:Risk and return.pdf| The Icelandic banking saga and English local authorities, UK Audit Commission, 2009]]
+*[[Media:2015_06_June_-_Safety_first.pdf| Safety first, The Treasurer, 2015]]