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Global Trading | Letters of Credit

Most of the trade in the world is carried out internationally. In order to facilitate this a business requires trade agreements with their partners and counterparts. At the riskier end, trade can be completed on open account terms, where the risk of the seller bares the risk of not being paid. A letter of credit (LC) mitigates against the risk.

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Topics: global trading, headlines, letters of credit, ptt, ptt breaking news, sign up and share your playlists, video, videos and editable pages for news, wn archive, wn network, world news, worldnews

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Global Trading | Letters of Credit
Most of the trade in the world is carried out internationally. In order to facilitate this a business requires trade agreements with their partners and counterparts. At the riskier end, trade can be completed on open account terms, where the risk of the seller bares the risk of not being paid. A letter of credit (LC) mitigates against the risk.

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