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Letters of credit usually accomplish their goal by playing the role of a substitute to the credit of the bank to that of the client mainly for facilitating trade. Such a letter is issued by a bank to guarantee full payment and timely payment to the seller.

issuu.com —  issuu.com/royalbank... Add comments

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International trade comprise of factors like different laws, distance, various laws pertaining to the countries involved and the dearth of contact during the process of trade. Amidst all this, letters of credit are used as a dependable mechanism of payment.

royalbankpacific.... —  royalbankpacific.bl... Add comments

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