Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation to ...

A letter of credit guarantees payment to sellers in international trade. Not all letters of credit are transferable; terms vary. Letters of credit differ from lines of credit, mainly not involving ...

Lloyds and WaveBL, a blockchain-powered platform intended for digital trade documents, have now reportedly completed a digital Letter of Credit (LC) transaction. The latest transaction, a Documentary ...