bonds guarantees and standby letters of credit
Understanding and Using Letters of Credit part1
Ngày tải lên :
05/11/2012, 16:27
... accept drafts and pay them at maturity Standby Letter of Credit The standby letter of credit serves a different function than the commercial letter of credit The commercial letter of credit is the ... familiar with two types of letters of credit: commercial and standby Commercial letters of credit are used primarily to facilitate foreign trade The commercial letter of credit is the primary payment ... the terms of the letter of credit Standby letters of credit are issued by banks to stand behind monetary obligations, to insure the refund of advance payment, to support performance and bid obligations,...
- 6
- 652
- 1
Tài liệu Understanding and Using Letters of Credit Part 1 pptx
Ngày tải lên :
16/01/2014, 18:20
... accept drafts and pay them at maturity Standby Letter of Credit The standby letter of credit serves a different function than the commercial letter of credit The commercial letter of credit is the ... familiar with two types of letters of credit: commercial and standby Commercial letters of credit are used primarily to facilitate foreign trade The commercial letter of credit is the primary payment ... the terms of the letter of credit Standby letters of credit are issued by banks to stand behind monetary obligations, to insure the refund of advance payment, to support performance and bid obligations,...
- 9
- 511
- 0
Tài liệu Understanding and Using Letters of Credit Part 2 doc
Ngày tải lên :
16/01/2014, 18:20
... a Standby Letter of Credit for a systematic procedure for establishing a standby letter of credit Special Letters of Credit The following is a brief description of some special letters of credit ... repayment of loans, to ensure fulfillment of a contract, and to secure payment for goods delivered by third parties The beneficiary to a standby letter of credit can cash it on demand Stand-by letters ... added liability Standby Letter of Credit This credit is a payment or performance guarantee used primarily in the United States They are often called non-performing letters of credit because they...
- 10
- 528
- 2
Tài liệu Application and Agreement for Standby Letter of Credit pptx
Ngày tải lên :
20/12/2013, 17:15
... Agreement for Standby Letter of Credit page of APPLICATION AND AGREEMENT FOR STANDBY LETTER OF CREDIT To: XXXX Bank In consideration of your opening at our request a standby letter of credit in accordance ... Independent Guarantees and Stand-by Letters of Credit, as chosen in or as in effect where and when the Letter of Credit is issued, (ii) the law or published practice rules to which the Letter of Credit ... Letter of Credit and interest accrued and unpaid thereon and the full amount of our contingent liability to reimburse you for future drawings under the Letter of Credit and all other of our obligations...
- 7
- 677
- 0
An appraisal of the fraud exception and the principle of strict compliance in letters of credit
Ngày tải lên :
28/09/2015, 13:21
... independent guarantees and stand-by letters of credit (1993) 27 Int’l Law 859; Katherine A.Barski, Letters of credit: a comparison of Article of the Uniform Commercial Code and the Uniform Customs ... obligations of the bank under a credit cannot be enjoined II SOURCES OF LETTERS OF CREDIT LAW The source of documentary credit law consists in the Uniform Customs and Practice for Documentary Credit ... transaction and the sources of letter of credit law, and the doctrine of autonomy of letters of credit The question whether the beneficiary under a letter of credit is entitled to payment absent...
- 176
- 1.1K
- 0
Tài liệu An Introduction to Letters of Credit pptx
Ngày tải lên :
16/01/2014, 11:37
... Currency Letters of Credit 24 Chapter Letters of Credit – Special Types 29 Revolving Letters of Credit 30 Installment Letters of Credit 30 Advance Payment Letters of Credit 30 Red Clause Letters of Credit ... Transferable and Back-to-Back Letters of Credit 31 Transferable Letters of Credit 31 Back-to-Back Letters of Credit 34 Assignment of Proceeds 35 Simplified Letters of Credit 35 Chapter Letters of Credit ... Letter of Credit? Advantages and Risk to the Buyer Advantages and Risk to the Seller Letters of Credit and Contracts The Parties Chapter Letters of Credit – The Language Types of Letters of Credit...
- 152
- 486
- 2
STANDBY LETTER OF CREDIT potx
Ngày tải lên :
27/06/2014, 09:20
... party • Standby letters of credit are created as a sign of good faith in business transactions, and are proof of a buyer's credit quality and repayment abilities • The bank issuing the Standby ... Issuing bank debits applicant’s account Uses of standby letters of credit What are benefits of using Standby Letters of credit? Guarantee payment in case of default or nonperformance consolidating ... Advance payment guarantees Common uses of standby Payment guarantees L/Cs Performance guarantees Credit line back-up Other uses of standby L/Cs Bid bonds Performance bonds ...
- 23
- 404
- 0
An Introduction to Letters of Credit phần 1 ppsx
Ngày tải lên :
10/08/2014, 07:21
... Currency Letters of Credit 24 Chapter Letters of Credit – Special Types 29 Revolving Letters of Credit 30 Installment Letters of Credit 30 Advance Payment Letters of Credit 30 Red Clause Letters of Credit ... Transferable and Back-to-Back Letters of Credit 31 Transferable Letters of Credit 31 Back-to-Back Letters of Credit 34 Assignment of Proceeds 35 Simplified Letters of Credit 35 Chapter Letters of Credit ... Letter of Credit? Advantages and Risk to the Buyer Advantages and Risk to the Seller Letters of Credit and Contracts The Parties Chapter Letters of Credit – The Language Types of Letters of Credit...
- 16
- 397
- 0
An Introduction to Letters of Credit phần 3 pps
Ngày tải lên :
10/08/2014, 07:21
... Applicant of the second Letter of Credit, utilizing the first as a source of payment to the issuer of the second Letter of Credit The two Letters of Credit used to facilitate the purchase and resale of ... Telex demand.” Transferable and Back-to-Back Letters of Credit Sometimes the Beneficiary of a Letter of Credit may not be the actual manufacturer of the goods, but may be playing the role of a middleman, ... identity of one party from another, a Transferable Letter of Credit or a Backto-Back Letter of Credit may permit the transaction to go forward Transferable Letters of Credit – When a Letter of Credit...
- 15
- 347
- 0
An Introduction to Letters of Credit phần 4 pdf
Ngày tải lên :
10/08/2014, 07:21
... Commercial Letters of Credit, used to pay the purchase price for the shipment of goods, and Standby Letters of Credit, used for other purposes as discussed in this chapter 50 Commercial Letters of Credit ... Application and Agreement for Irrevocable Standby Letter of Credit1 51 Application for Standby Letter of Credit Citibank, N.A., New York, NY 10043 Letter of Credit Reference No Attn: Standby ... Application is for the issuance of a standby letter of credit under and subject to the terms and conditions of (select one): ❏ ❏ ❏ The Agreement for Standby Letter of Credit attached hereto: The...
- 15
- 429
- 0
An Introduction to Letters of Credit phần 5 pptx
Ngày tải lên :
10/08/2014, 07:21
... use of a Standby Letter of Credit covering a purchase of securities Municipal Bonds Standby Letters of Credit are used to enhance the credit rating of municipal and other bonds and notes and ... of Credit A Standby Letter of Credit issued in favor of a surety company is shown on page 57, Illustration 20 Standby Letters of Credit as a Payment Mechanism Standby Letters of Credit used as ... Illustration 23 on page 61 is a typical Standby Letter of Credit supporting the obligations of a reinsurer to an insurer Revocable Letters of Credit Most Standby Letters of Credit are issued in irrevocable...
- 15
- 319
- 0
An Introduction to Letters of Credit phần 6 ppsx
Ngày tải lên :
10/08/2014, 07:21
... for Documentary Credits (including standby letters of credit) Below are the different possible cases and the relevant rules of interpretation: 2.1.1 Documentary credits issued and payable before ... Extension of Expiry Date a If the expiry date of the Credit and/ or the last day of the period of time for presentation of documents stipulated by the Credit or applicable by virtue of Article ... the date of the on board notation will be deemed to be the date of shipment, and v indicates the port of loading and the port of discharge stipulated in the Credit, and vi consists of a sole...
- 15
- 343
- 0
An Introduction to Letters of Credit phần 7 pptx
Ngày tải lên :
10/08/2014, 07:21
... minimum of 110% of the gross amount of the goods (goods value USD 100,000.00 plus minimum 10%) and not a minimum of 110% of USD 80,000.00 RULES OF ARBITRATION - INTERNATIONAL CENTER FOR LETTER OF CREDIT ... arbitration of disputes involving letters of credit and similar mechanisms for the assurance of payment such as independent guarantees, documentary collections and funds transfers, under the auspices of ... regard to letters of credit and similar undertakings, arbitration arises by the incorporation of an arbitration clause into a letter of credit or other undertaking or by the submission of an existing...
- 15
- 338
- 0
An Introduction to Letters of Credit phần 8 docx
Ngày tải lên :
10/08/2014, 07:21
... port of loading (e.g., Place of Receipt: Hong Kong CY; Port of Loading: Hong Kong), these places are deemed to be the same, and therefore the specification of the port of loading and the name of ... one set of bills of lading are presented, and incorporate different dates of shipment, the latest of these dates of shipment will be taken for the calculation of any presentation period and must ... bills of lading form part of the same presentation under the same credit CHARTER PARTY BILLS OF LADING Application of UCP Article 25 100 If a credit requires presentation of a charter party bill of...
- 15
- 259
- 0
An Introduction to Letters of Credit phần 9 docx
Ngày tải lên :
10/08/2014, 07:21
... impractical and often impossible task of identifying and distinguishing standbys from independent guarantees and, in many cases, commercial letters of credit The choice of which set of rules to ... amounts outstanding of standbys greatly exceed the outstanding amounts of commercial letters of credit While the standby is associated with the United States where it originated and where it ... for commercial letters of credit and independent bank guarantees The formulation of standby letter of credit practices in separate rules evidences the maturity and importance of this financial...
- 15
- 353
- 0
An Introduction to Letters of Credit phần 10 docx
Ngày tải lên :
10/08/2014, 07:21
... amendment Letter of Credit, Simplified - A Letter of Credit that reduces the normal documentary requirements of a Commercial Letter of Credit Letter of Credit, Standby - A Letter of Credit under ... Time of Day of Expiration If no time of day is stated for expiration, it occurs at the close of business at the place of presentation 9.05 Retention of Standby Retention of the original standby ... of accepting a draft and paying at maturity Letter of Credit, Advised - A Letter of Credit carrying only the undertaking of the Issuing Bank Letter of Credit, Back-to-Back - Two independent Letters...
- 16
- 239
- 0
Industry competition and bank lines of credit
Ngày tải lên :
10/09/2015, 09:13
... types of loans The distribution of lines of credit loans and other types of loans by loan purpose is reported in Table Panel C For all loans including both lines of credit loans and non-lines of credit ... pricing of lines of credit There are a number of potential reasons why the study of lines of credit and industry competition is important Firms reside within the framework of an industry, and they ... Effect of Lines of Credit on Firms’ Profit in the Subsequent Year 58 Table Effect of Industry Competition on Industry Total Number and Amount of Lines of Credit 66 Table Effect of...
- 90
- 175
- 0
CC unit 5, orders and cover letters of orders
Ngày tải lên :
06/02/2017, 19:28
... the offer and pleasure in placing an order We thank you for your offer No 204/PP of (dated) 15 September 20 and are pleased (glad) to place an order on the following terms and conditions: • … and ... receipt of the offer Express pleasure in enclosing an order form We thank you for your letter/offer of … for … and are pleased to enclose an order on the following terms and conditions … and take ... Methods of payment • Payment: … to the account of Vietcombank, in your favour (in favour of the seller) for the total value of the goods to be shipped Orders Main Message Methods of payment Bill of...
- 33
- 580
- 0
Precluding and reducing solutions to credit risk at Quang Trung branch of Vietnam Bank of Investment and Development.doc
Ngày tải lên :
27/10/2012, 16:49
... Investment and Development of Vietnam – the first unit of the system of Bank for Investment and Development of Vietnam to deploy the Project of Modernization of the payment system and the modernization ... technology and business norms of a modern bank However, according to the present regulation of the State bank and the Charter of Organization and Operation of Bank for Investment and Development of Vietnam, ... doing business effectively and being credit- worthy 3.2.3 Improve quality of the bank’s officers and credit officers a Improve quality of human resources In any kind of doing business, human resources...
- 47
- 892
- 14