Saturday, November 26, 2022
What does "with recourse" and "without recourse" mean in international letter of credit transaction?

What Does “With Recourse” and “Without Recourse” Mean in International Finance?

Recourse means the right to claim a refund of an amount paid in connection with the negotiation of a documentary credit or the discounting...
banks in letters of credit

Banks in Letter of Credit

Banks play a key role in letters of credit transactions. They start and end the L/C operations. They also decide either refusal of the documents...
confirming bank

Confirming Bank

If you would like to export your goods to one of the high risk countries and you would like to eliminate default risk of...
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