We use cookies on all our websites to gather anonymous data to improve your experience of our websites and serve relevant ads that may be of interest to you. Please refer to the cookies policy to find out more.

By continuing, scrolling the page or clicking a link, you agree to the use of cookies.

How can Letters of Credit provide working capital?

23 June, 2016David Morrish
Letters of credit (LCs) provide sellers with some certainty of payment and, used imaginatively, they can also facilitate release of much-needed working capital, but this can depend on how sympathetic the seller's bankers are.

In the latest Industry Insights whitepaper, The London Institute of Banking & Finance Relationship Director, David Morrish, explains how even when the cost of the discount is factored in, this trade finance tool is a good solution.

Download and read David Morrish's full Industry Insights article.

Please note, this document is a PDF and to view it you will need download it to your device or view it using Acrobat Viewer.