documentary letter of credit documentary credit
21documentary credit — See letter of credit …
22Fully Funded Documentary Letter Of Credit - FFDLC — A written promise of payment provided by a buyer to a seller that is guaranteed to clear by a particular bank. Once an FFDLC document is presented by the seller to the involved bank, the bank is obliged to remit full payment to the seller. The… …
23Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …
24Uniform 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… …
25letters of credit — A letter of credit is an undertaking, which is irrevocable, by the customer s bank to pay a stated sum of money to the exporter, provided certain specified conditions are met including the receipt of the necessary documentation proving… …
26irrevocable documentary acceptance credit — A form of irrevocable confirmed letter of credit in which a foreign importer of UK goods opens a credit with a UK bank or the UK office of a local bank. The bank then issues an irrevocable letter of credit to the exporter, guaranteeing to accept… …
27Lettre 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 payer le vendeur si… …
28Lettre de credit — 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… …
29Lettre 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 payer le vendeur si… …
30Аккредитив — LETTER OF CREDIT/DOCUMENTARY CREDIT Поручение банка банку корреспонденту за границей выплатить лицу, указанному в аккредитиве, определенную сумму денег при выполнении оговоренных условий. Аккредитив обычно выписывается по требованию экспортера в… …
