Two letters of credit used together to allow a seller to finance purchases from a subcontractor. The first letter of credit is obtained from a bank by the buyer. With that in place, the seller obtains a second letter of credit to purchase equipment or services from a subcontractor.
Related information about back-to-back letters of credit:
- Back-To-Back Letters Of Credit Definition | Investopedia
Two letters of credit (LCs) used together to help a seller finance the purchase of equipment or services from a subcontractor. With the original LC from the buyer's ...
- Back-To-Back Letters Of Credit: Definition from Answers.com
Back-To-Back Letters of Credit Two letters of credit, one in favor of the buyer's agent and one financing the seller.
- IBT Trade Article - An Alternative to Back-to-Back Letters of Credit
Sep 26, 2005 ... IBT Trade Article - An Alternative to Back-to-Back Letters of Credit, 9/26/2005 - My last article covered back-to-back letters of credit (LC), and ...
- Back To Back Letters Of Credit - Greenfield Group
Atlas Trade Finance provides back to back credit facilities letters of credit for small, medium businesses, intermediaries, trading companies and exporters without ...
- Letters of Credit.ps - Scotiabank
The difference between back-to-back letters of credit and transferable letters of credit, is such that in a transferable letter of credit, the rights under the existing ...
- Dictionary of Financial Scam Terms: Back-to-back Letter of Credit
Back-to-Back Letters of Credit are used in international and domestic trade. The parties to a Back-to-Back Letter of Credit are: the buyer and his bank as the ...
- BACK TO BACK LETTERS OF CREDIT-Alibaba Trade Forums
ESTABLISHING BACK-TO-BACK CREDITS<br/><br/>This is how the whole proce.
- Letters of Credit - Bank of China (New York)
We can address your business needs with its transferable letters of credit, assignment of proceeds, back-to-back letters of credit and back-to-back collections.