Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

Learn how a transferable letter of credit enables a primary beneficiary to transfer credit to others, securing payments for ...

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 ...

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 ...

How to evaluate responses If the RFP was properly drafted, the evaluation is the easy part, so long as you are familiar with bank letters of credit. If your advisor has direct experience working for ...

Harvard took out a $36 million standby letter of credit from Bank of America at the end of October after the Department of Education imposed stepped-up financial oversight earlier this fall. The ...