Letters of credit can be divided into two major types.
Standby Letters of Credit - Which act as a
guarantee from a third party bank in the event of
non-payment on the part of the creditor.
Documentary Letters of Credit - Which are typically
used by importers and exporters to transact
business between companies in foreign countries.
We do our best to take the
mystery out of managing
credit and accounts
Letters of Credit
|Copyright © 2006 - 2015
All rights reserved.