Closed economy and Standby letter of credit: Difference between pages

Revision as of 18:48, 11 November 2016

(SLOC).

A type of letter of credit:

Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
Drawn upon only in the event of non-performance.

@@ Line 1: / Line 1: @@
-A closed economy is a country or region which does not trade with other economies.
+(SLOC).
+A type of letter of credit:
+*Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
+*Drawn upon only in the event of non-performance.
-==See also==
-* [[Economic environment]]
+== See also ==
-* [[Economy]]
+* [[Advance payment guarantee]]
-* [[Free trade]]
+* [[Contingent liabilities]]
-* [[Open economy]]
+* [[Letter of credit]]
-* [[Restricted economy]]
+* [[Off balance sheet risk]]
+[[Category:Long_term_funding]]
+[[Category:Manage_risks]]
+[[Category:Risk_frameworks]]
+[[Category:Trade_finance]]