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3 result(s) for "LC"
Trade Finance
MT 767 Explained: Guarantee Amendment
How changes to an already-issued bank guarantee or standby LC — a new amount, extended validity — are communicated.
Trade Finance
MT 760 Explained: Guarantee / Standby Letter of Credit
How a bank issues an independent guarantee or standby LC — a promise to pay only if the applicant fails to perform.
Trade Finance
Letter of Credit Basics: How an LC Protects Both Sides of a Trade
A Letter of Credit shifts payment risk from the buyer to a bank. Here is how the LC lifecycle works, who the parties are, and why documents matter more than the goods themselves.