enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.

3. Can a goodwill letter get late payments removed from your ...

   www.aol.com/finance/goodwill-letters-payments...

   A goodwill letter is a formal request to a creditor asking them to remove a negative mark, like a late payment, from your credit report. Goodwill letters are most effective when the late payment ...

4. Documentary collection - Wikipedia

   en.wikipedia.org/wiki/Documentary_collection

   Make international trade operations more flexible, Use Documentary Collection in cases when the seller does not want to deliver goods to the buyer on "open account" basis, but due to a long-term stable business relationship between the parties there is no need for security provided by a Letter of Credit or payment guarantee, Documentary collection is suitable to the seller: if the seller has ...

5. Credit reference - Wikipedia

   en.wikipedia.org/wiki/Credit_reference

   Credit references are used to help lenders quantify the risk of lending to a given applicant or to determine overall creditworthiness.For example, if an applicant's credit history indicates proper, timely payments on all outstanding obligations, a lender may judge it more likely that the applicant will make timely payments on the requested loan.

6. Buyer's credit - Wikipedia

   en.wikipedia.org/wiki/Buyer's_credit

   Buyer credit is a term credit available to an importer (buyer) from overseas lenders such as banks and other financial institution for goods they are importing. In simple words it is the credit that is given by a bank to a foreign buyer where funds are paid directly to the buyer through a lending bank.

7. Advising bank - Wikipedia

   en.wikipedia.org/wiki/Advising_bank

   In case (2), the beneficiary can request the applicant to specify his/her bank (the beneficiary's bank) as the advising bank in an L/C application. In many countries, this is beneficial to the beneficiary, who may avail themselves of the reduced bank charges and fees because of special relationships with the bank. Under normal circumstances ...