documentary credit
21letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions (see letter of indication). Commercially, letters of credit are widely used in the …
22Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …
23Crédit Documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …
24Crédit documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …
25Crédit documentaire irrévocable — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …
26Documentary collections — Collections are items received from a depositor with instructions to credit his account after documents are produced …
27Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …
28Uniform Customs and Practice for Documentary Credits — The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilised by bankers and commercial parties in more than 175 countries in trade finance. Some 11 15% of… …
29letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… …
30Red Clause Letter Of Credit — A specific type of letter of credit in which a buyer extends an unsecured loan to a seller. Red Clause Letters of Credit permit documentary credit beneficiaries to receive funds for any merchandise outlined in the letter of credit. These letters… …
