Basics of Documentary Credit

Basics of Documentary Credit

Basics of Documentary Credit International Trade & its Practice Presented by: Md. Monjurul Haque, Joint Director, Bangladesh Bank. Agenda: International Business Transactions International Trade Finance Letter of Credit (LC) Related terms of LC Mechanics of Documentary Credit Regulatory Considerations International Business Transactions Key principal in all business transactions: – maximize sales & […]

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Documentary Credits and Their Variations

Documentary Credits and Their Variations

Documentary Credits and Their Variations Documentary Credits and Their Variations Documentary Credits Explained  The independence principle: Central to documentary credit business is the independence of the bank’s undertaking to pay from the underlying contract between the buyer & seller. This means that the bank’s undertaking to pay the beneficiary is not […]

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