Letters of Credit

The best tips and advice from our vast library of articles, videos, and business tools

Browse Related Topics

Tools

Forms

Newly Added Articles

UK IT directors confused over change management
Philadelphia Union Leaders Linked to Figures in...
Bartow County, Ga., State Try to Lure Tire Factory.
ID Theft Alert Easier to File.
Greenbush, Mass., Commuter-Rail Project Gets...
Get on the Good Side
Lawrence, Pa., Network Equipment Firm Reports 68...

Article Archives

See more Letters of Credit articles at ArticleArchives.com.

1-20 (of 7819) related articles

Search Results

1-20 (of 7819) related articles Sort by: Relevance \| Date Items per page
Is a Letter of Credit a Security Deposit? Learn more about what letters of credit may do for you and your business when it comes time ... (ARTICLE) Checking a Customer's Credit In an ideal world, you'd be able to demand full cash payment on delivery of your services. In ... (ARTICLE) Creative Approaches to Raising Capital With tough economic conditions likely to persist for the next couple of years, creative approaches to necessary capital ... (BLOG POST) 10 Things for Exporters to Keep in Mind When Arranging Standby Letters of... 1. A letter of credit is a bank's agreement o to pay a specified amount of money upon ... (PERIODICAL ARTICLE) 10 Things for Exporters to Keep in Mind When Arranging Standby Letters of... 1. A letter of credit is a bank's agreement to pay a specified amount of money upon presentation ... (PERIODICAL ARTICLE) D&O market trends. Directors and officers of metalcasting facilities can be subject to suit from a range of groups. They include ... (PERIODICAL ARTICLE) Confirmed, irrevocable letters of credit are not always the answer. Perhaps your company has dabbled with exporting for a few years and management likes the results: increased sales, ... (PERIODICAL ARTICLE) Export-Import Bank: Performance Standards for Small Business Assistance Are... GAO-08-915 July 17, 2008 The Export-Import Bank (Ex-Im) provides loans, loan guarantees, and insurance to support U.S. exports, ... (PERIODICAL ARTICLE) Covenant Transportation Refinances Debt By Transport Topics Staff Covenant Transportation Group completed the first step of a refinancing program, including $200 million ... (PERIODICAL ARTICLE) Dennis W. Russo Partner Herrick, Feinstein LLP. [ILLUSTRATION OMITTED] At the end of 2007, Russo closed a $72 million construction loan on a major Madison ... (PERIODICAL ARTICLE) Can letters of credit trigger BSA rules? Q. We are a U.S. bank that also has international branches and customers. One of our customers exports ... (PERIODICAL ARTICLE) New Rules Ahead for Letters of Credit IMAGE ILLUSTRATION 1 In several months a brand new UCP 600 will replace the old UCP 500. Unlike ... (PERIODICAL ARTICLE) Changes coming for exporters using letters of credit. Exporters who utilize letters of credit (LCs) for their overseas sales should be aware of changes in the ... (PERIODICAL ARTICLE) BExA Guide to Export Credit Insurance IMAGE PHOTOGRAPH 1 Further copies to give away! This month we are delighted to be able to extend ... (PERIODICAL ARTICLE) Credit line gives global sales a lift. Stephen Fantone, Optikos Corp. founder and chief executive, is living out an inventor's and entrepreneur's dream. It's not ... (PERIODICAL ARTICLE) Credit line gives global sales a lift. Stephen Fantone, Optikos Corp. founder and chief executive, is living out an inventor's and entrepreneur's dream. It's not ... (PERIODICAL ARTICLE) Open Account and the Drive Towards Outsourcing ... (PERIODICAL ARTICLE) Trade Seminar Imports Variety of Speakers It was 10 years ago that chambers of commerce and economic development agencies in the Quadstate region began ... (PERIODICAL ARTICLE) Australia Australian Worldwide Exploration Ltd., Sydney, (Australia: AWE) plans to acquire Arc Energy Ltd., Perth, (Australia: ARQ) for approximately ... (PERIODICAL ARTICLE) tsl profile INDUSTRY MEMBERS HEADNOTE King Trade Capital is the only full-service source for purchase order finance in the U.S. The company ... (PERIODICAL ARTICLE)
1-20 (of 7819) related articles Sort by: Relevance \| Date Items per page 1-20 (of 7819) related articles 12 3 4 5 6 7 8 9 10 Next

Newsletter Signup

Newsletters

Subscribe to get the latest news, industry articles, and expert advice

Privacy Policy
We Respect Your Privacy Our Privacy Policy outlines our commitment to your privacy and the importance we place on your trust.

Press Releases

Business Glossary

Definitions for: back-to-back letters of credit

Dictionary of Banking Terms

back-to-back letters of credit

two letters of credit, one in favor of the buyer's agent and one financing the seller. A back-to-back credit is created when an exporter holding an irrevocable letter of credit persuades the buyer's bank (the advising bank) to open a second credit in favor of the merchandise supplier. The two credits are identical in all respects, except that the supplier becomes the beneficiary of the back-to-back credit, and the amount of the second credit is less than the original export credit. The difference is the import agent's commission.