Confirmed letter of credit: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>P.F.cowdell@shu.ac.uk
m (Categorise the page)
 
(2 intermediate revisions by one other user not shown)
Line 1: Line 1:
''International trade''.   
''International trade''.   
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.
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]]
* [[Letter of credit]]


[[Category:Trade_finance]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]

Latest revision as of 12:26, 13 August 2014

International trade.

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