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Cash collateral credit - PowerPoint PPT Presentation

14. LETTERS OF CREDIT: PROCEDURES

14. LETTERS OF CREDIT: PROCEDURES. LETTERS OF CREDIT. I. THE NEED FOR LETTERS OF CREDIT A. USES TO THE SELLER WITH A FIRST-TIME CUSTOMER WITH A CREDIT RISKY BUYER WITH A CUSTOMER FROM A COUNTRY WITH EXCHANGE CONTROLS WHO MAY FACE THE RISK BUYER DEFAULTS BECAUSE PRICES HAVE DROPPED .

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Cash collateral credit - PowerPoint PPT Presentation

14. LETTERS OF CREDIT: PROCEDURES