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.
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