Confirmed letter of credit and Counterparty risk: Difference between pages

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imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Linked to The Treasurers Handbook - Cash in the new post-crisis world)
 
Line 1: Line 1:
''International trade''. 
The risk to each party to a contract that the counterparty will not live up to its contractual obligations.
Letter of credit to which the advising bank adds its confirmation to the credit, assuring the exporter that payment will be made under the terms of the letter of credit even if the issuing bank defaults.
 


== See also ==
== See also ==
* [[Letter of credit]]
* [[Risk]]
* [[Guide to risk management]]
* [[Cash in the new post-crisis world]]
 
 
==Other links==
*[http://www.treasurers.org/node/8928 Treasury essentials: Counterparty risk, The Treasurer, April 2013]
 
*[http://www.treasurers.org/node/7758 Counterparty credit risk, Will Spinney, ACT 2012]


[[Category:Manage_risks]]

Revision as of 10:45, 1 December 2014

The risk to each party to a contract that the counterparty will not live up to its contractual obligations.


See also


Other links