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imported>John Grout |
imported>Doug Williamson |
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| (LC). 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.
| | Money Market Yield. |
| Letters of credit are frequently used in international trade to make funds available in a foreign location.
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| == See also == | | == See also == |
| * [[Advising bank]] | | * [[Day count conventions]] |
| * [[Clean letter of credit]] | | * [[Bond equivalent yield]] (BEY) |
| * [[Commercial risk]] | | * [[Money market yield]] |
| * [[Condition]]
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| * [[Confirmed letter of credit]]
| | [[Category:Cash_management]] |
| * [[Confirming bank]]
| | [[Category:Financial_products_and_markets]] |
| * [[Credit]]
| | [[Category:Liquidity_management]] |
| * [[Documentary credit]]
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| * [[Irrevocable letter of credit]]
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| * [[Issuing bank]]
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| * [[LOC backed]]
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| * [[Standby letter of credit]]
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| * [[Uniform Customs and Practice for Documentary Credits]]
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Latest revision as of 20:14, 25 June 2022
Money Market Yield.
See also
