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Embracing the mouse 01 Jul 2001
... That's why an LC comes into being for its established practices and established case laws. If you play along those lines, you are pretty safe. ...
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An open road for pioneers 01 Jul 2000
... Perhaps, but improved efficiency does not eliminate the fact that importers must offer security to raise LC's, whereas factoring facilitates true open account ...
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Vying hard to attract 15 Feb 2004
... to increasing process efficiency, this mechanism also records all of a corporate's trade transactions, such as letter of credit (LC) confirmations, conducted ...
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Starting a new chapter 01 Oct 2000
... Today we have a total of 600 people in the energy and commodity department, and this includes the LC and credit guarantee department that we have integrated ...
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Banks respond to clients' demands 01 Nov 2005
... as it means we can find out where a transaction is in the trade lifecycle – has the purchase order been created, has it been confirmed by an LC, has an ...
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CCH arranges first murabaha for Russian bank 01 Oct 2006
... agent for the GCC-based Islamic bank, and issued "the amount of the murabaha facility and is the beneficiary under a standby letter of credit (LC) issued by ...
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American Express Bank puts new focus on trade 01 Nov 1999
... It has done vanilla trade finance such as LC confirmations for many years, but the new trade banking group will bring together the bank's trade activity and ...
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Best ECA/DFI - Americas 18 Jun 2009
... enhanced. In addition to guarantees, the programme can now provide direct trade financing loans to LC issuing banks. Furthermore ...
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Aleksinskoe Steklo – ECA-backed LCs 23 Mar 2009
... For each LC Sace covered 85% of the contract value with commercial banks taking the remaining 15% of the risk and providing the funding. ...
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Best International Trade Bank in Vietnam 23 Jul 2009
... Commenting on this year's award Faisal Ameen, Citi's global transaction services head in Vietnam, says: "We're seeing increased LC flows as companies around ...
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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010