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2. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.

3. Uniform Customs and Practice for Documentary Credits

   en.wikipedia.org/wiki/Uniform_Customs_and...

   The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.

4. Banker's acceptance - Wikipedia

   en.wikipedia.org/wiki/Banker's_acceptance

   A banker's acceptance is an instrument that represents a bank's commitment to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank. Banker's acceptances are distinguished from ...

5. Grading systems by country - Wikipedia

   en.wikipedia.org/wiki/Grading_systems_by_country

   Colombia. The most used grading systems are the numerical from 0 to 5 or from 0 to 10 and commonly are approved with 3 or 6, respectively. The letter system consists of E, S, B, A, I and is approved with A. The letter system is based on the numerical, meaning that the numerical system guides the letter one.

6. Mortgages for Homebuyers With Good Credit Could Cost More ...

   www.aol.com/finance/mortgages-homebuyers-good...

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7. Demand guarantee - Wikipedia

   en.wikipedia.org/wiki/Demand_guarantee

   Demand guarantee. A demand guarantee is a guarantee that must be honoured by the guarantor upon beneficiary 's demand. The beneficiary is not required to first make a claim or take any action against the obligor of the guaranteed obligation that the guarantee supports. A demand guarantee is enforceable notwithstanding any deficiencies in the ...