letter of credit

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Related to Documentary Credits: Documentary collections, Transferable letter of credit
  • noun

Words related to letter of credit

a document issued by a bank that guarantees the payment of a customer's draft

References in periodicals archive ?
uCaCertificate for Documentary Credit Specialists (CDCSA) - this is designed primarily for documentary letter of credit practitioners, those in banks and major exporters/ importers that depend on expertise in this specialist field.
Speakers were: Vincent O Brien, a member of the ICC Banking Commission and ICC and Chair of the ICC Market Intelligence Group (MIG); and Khalil Matar a Certified Documentary Credit Specialist, a Certified Internal Auditor, and the seminar was attended by trade professionals, experts in documentary credit, sales and purchasing managers and trade consultants, bankers and others.
Kashani Zadeh, Hoda, comparative study of obligations of beneficiary and issuer of documentary credit against each other in The Uniform Customs and Practice for Documentary Credits (UCP600) and Article 5 of the Uniform Commercial Code of the United States of America (UCC), Journal of International Law, the Journal of the affairs Centre of International Law, Legal Assistance of presidential parliamentary affairs 26th year, 40: 314-344.
Through these instruments of payment, this public bank plans to propose to importers deferred documentary credits for deadlines ranging from 30, 90 and 180 days and even to one year.
These include risk guarantees covering pre-and post-shipping, capacity building initiatives such as conducting workshops which train and educate private sector Qatari companies on key policy initiatives like Generalized System of Preferences (GSP), Uniform Customs Procedures for Documentary Credits (UCPDC), Trade Agreements etc," Tasdeer official added.
Indian firms trading with China would benefit from settling in RMB documentary credits as China would offer greater discounts because it would not have to hedge against the USD.
This edition incorporates new editions of the INCOTERMS (International Commercial Terms) and Uniform Customs and Practice for Documentary Credits from the International Chamber of Commerce, and changes like the dropping of the 2003 amendments to the Uniform Commercial Code (UCC) Article 2 by the Uniform Law Commission and American Law Institute and the adoption of the 2001 revision of Article 1 by state legislatures.
The Ethix Core solution for Islamic banking is a suite of technologies that help banks offer a wider array for revenue-generating products and services including automated branch management, Internet banking, treasury services, Islamic investments management and documentary credits among others.
The banks also opened documentary credits for businessmen to save currency.
The offer also includes direct payment capability; full trade related services, eg documentary credits and collections; and foreign exchange transacting and hedging delivered via the bank's own internet banking platform.
With a series of sessions planned over the next couple of months to cover a host of topics in the field including international trade, the first workshop centred on one of the most successful set of private rules for trade ever developed, the Uniform Customs and Practice for Documentary Credits (UCP 600).
The IFSA's focused on documentary credits, funds transfer, treasury operations, regulatory and compliance.
The project will provide a facility to guarantee documentary credits originated by selected commercial banks in Pakistan.
The text, a part of the Short Course in International Trade Series, is a brisk primer on documentary credits for practitioners under pressure to learn quickly the basics of this highly regulated form of payment.
Customer service staff must be knowledgable about documentary credits and requirements specific to the country, such as consular requirements, pre-shipment inspection, import licenses, other inspections, and any U.