Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation to ...

A letter of credit guarantees payment to sellers in international trade. Not all letters of credit are transferable; terms vary. Letters of credit differ from lines of credit, mainly not involving ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

HONG KONG (Reuters) - HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use ...

Progress towards digital letters of credit has been so slow. Partly this is due to the requirement for writing and endorsement of bills of lading and bills of exchange found in 19th-century ...

Given the standardization and interoperability challenges facing digital letters of credit, could wider use of digital trade finance platforms accelerate the development of alternative solutions? The ...

Lloyds and WaveBL, a blockchain-powered platform intended for digital trade documents, have completed a digital Letter of ...

Harvard took out a $36 million standby letter of credit from Bank of America at the end of October after the Department of Education imposed stepped-up financial oversight earlier this fall. The ...

Summary The Letter of Credit Specialist is responsible for maintaining and processing the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees ...