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Letters of Credit

Letters of Guarantee

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Trade

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Letters of Credit

Letters of credits are a payment method mostly used in international trade transactions. Through a letter of credit, the bank guarantees that the seller will collect a specified amount from a specific buyer within a specific time window.

Letters of Guarantee

The letter of guarantee is a type of contract issued by the bank on behalf of the customer who entered into a purchase contract for goods from a vendor. The LG guarantees the payment of any financial obligations to the vendor in case the customer defaults on payment.

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