... Understanding and Using Letters of Credit, Part I
( Source: http://www.crfonline.org/)
Letters of credit accomplish their purpose by substituting the credit of the bank for that of
the ... 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 comm...
... 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.
Back-to-Back ... information;
* Types of letters of credit;
* Common problems with letters of credit;
* Procedures for establishing letters of credit;
*...
...
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Understanding and Using fscommand()
fscommand() is a function that enables a Flash movie to communicate with the
application ... executables created using C++, Visual
Basic, and so on
It's simple to use an FSCommand from within Flash. The fscommand() function accepts
two parameters: a command name, and optional extra .....
... a major factor, Letters of Credit provide other
advantages for the buyer and seller.
What Is a Letter of Credit?
A Letter of Credit is an undertaking issued by a bank
in favor of a Beneficiary, ... procedures, and accounting
practices. Historically, merchants have sought ways of
minimizing these differences and facilitating trade. The
special protection and opportuni...