Learn about Synthetic Letters of Credit (SLCs), pre-funded instruments used in international trade to guarantee payments and ...

Traditional letter-of-credit documentation is no longer fit for purpose. Blockchain technology is now emerging as one of the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Proposed rules would reduce funding recipients' burdens by reducing LOC valuation requirements and expanding the number of eligible banks On June 7, 2024, the Federal Communications Commission ("FCC") ...

This paper examines how credit risk and buyer–supplier relationships shape firms’ reliance on letters of credit (LCs), a form of bank-backed payment guarantee used in trade finance. I construct new ...

NEW YORK (Reuters) - U.S. states, cities and agencies that sell municipal bonds bought letters of credit for $5.5 billion of their debt in the first quarter, more than double the year-ago level, ...