Letter of credit - Revision history

imported>Doug Williamson: Remove surplus links.

2022-07-06T11:54:26Z

Remove surplus links.

← Older revision		Revision as of 11:54, 6 July 2022
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	* [[Confirming bank]]		* [[Confirming bank]]
	* [[Credit]]		* [[Credit]]
	* [[Deferred payment letter of credit]]
	* [[Documentary collection]]		* [[Documentary collection]]
	* [[Documentary credit]]		* [[Documentary credit]]
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	* [[Trade finance]]		* [[Trade finance]]
	* [[Uniform Customs and Practice for Documentary Credits]]		* [[Uniform Customs and Practice for Documentary Credits]]
	* [[Usance letter of credit]]

2022-07-06T11:53:46Z

Remove surplus link.

← Older revision		Revision as of 11:53, 6 July 2022
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	* [[Standby letter of credit]]		* [[Standby letter of credit]]
	* [[Term letter of credit]]		* [[Term letter of credit]]
	* [[Time letter of credit]]
	* [[Trade finance]]		* [[Trade finance]]
	* [[Uniform Customs and Practice for Documentary Credits]]		* [[Uniform Customs and Practice for Documentary Credits]]

2022-07-06T11:52:17Z

Add links.

← Older revision		Revision as of 11:52, 6 July 2022
Line 44:		Line 44:
	* [[Confirming bank]]		* [[Confirming bank]]
	* [[Credit]]		* [[Credit]]
			* [[Deferred payment letter of credit]]
	* [[Documentary collection]]		* [[Documentary collection]]
	* [[Documentary credit]]		* [[Documentary credit]]
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	* [[Issuing bank]]		* [[Issuing bank]]
	* [[LOC backed]]		* [[LOC backed]]
			* [[Revocable letter of credit]]
	* [[Standby letter of credit]]		* [[Standby letter of credit]]
			* [[Term letter of credit]]
			* [[Time letter of credit]]
	* [[Trade finance]]		* [[Trade finance]]
	* [[Uniform Customs and Practice for Documentary Credits]]		* [[Uniform Customs and Practice for Documentary Credits]]
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	==~~=Other links=~~==		==External link==
	[http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]		[http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]

2018-05-01T14:59:10Z

Link with Usance letter of credit page.

← Older revision		Revision as of 14:59, 1 May 2018
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	* [[Trade finance]]		* [[Trade finance]]
	* [[Uniform Customs and Practice for Documentary Credits]]		* [[Uniform Customs and Practice for Documentary Credits]]
			* [[Usance letter of credit]]

2017-05-17T14:06:26Z

Removed broken link to Will Spinney article

← Older revision		Revision as of 14:06, 17 May 2017
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	[http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]		[http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]

	~~[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]~~

	__NOTOC__		__NOTOC__

2016-06-13T09:09:43Z

Expand and remove table of contents.

← Older revision		Revision as of 09:09, 13 June 2016
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	Compared with documentary collections (DCs), letters of credit (LCs) are used for larger transactions, and a larger total value of transactions.		Compared with documentary collections (DCs), letters of credit (LCs) are used for larger transactions, and a larger total value of transactions.

			LC and DC indicative data is summarised below.

	=====Average transaction sizes (US exports)=====		=====Average transaction sizes (US exports)=====
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	[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]		[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]

			__NOTOC__

	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:Risk_frameworks]]		[[Category:Risk_frameworks]]
	[[Category:Trade_finance]]		[[Category:Trade_finance]]

2016-06-13T09:04:09Z

Summarise 2011 data from CEPR report: http://voxeu.org/article/trade-finance-around-world

← Older revision		Revision as of 09:04, 13 June 2016
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	Compared with documentary collections (DCs), letters of credit are used for larger transactions, and a larger total value of transactions.		Compared with documentary collections (DCs), letters of credit (LCs) are used for larger transactions, and a larger total value of transactions.

			=====Average transaction sizes (US exports)=====
			LCs: US$ 0.5 - 1 million

			DCs: US$ 0.1 - 0.2 million

			=====Proportion of world trade in goods=====
			LCs: 10 - 15%

			DCs: 1 - 2%

2016-06-12T11:55:34Z

Mend link.

← Older revision		Revision as of 11:55, 12 June 2016
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	===Other links===		===Other links===
	[~~http://www.~~http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]		[http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]

	[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]		[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]

2016-06-12T11:50:26Z

Add link.

← Older revision		Revision as of 11:50, 12 June 2016
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	===Other links===		===Other links===
			[http://www.http://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016]

	[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]		[http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]

2016-06-12T11:37:07Z

Expand and add links. Source: Voxeu.org Trade Finance Around the World http://voxeu.org/article/trade-finance-around-world

← Older revision		Revision as of 11:37, 12 June 2016
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	A documentary collection means a bank ''collecting'' payment from the buyer (by presenting documents to the buyer).		A documentary collection means a bank ''collecting'' payment from the buyer (by presenting documents to the buyer).


	A letter of credit therefore gives superior protection to the seller against credit risk or delayed cash flow, or both.		A letter of credit therefore gives superior protection to the seller against credit risk or delayed cash flow, or both.
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	For this reason letters of credit are more expensive to arrange.		For this reason letters of credit are more expensive to arrange.


			Compared with documentary collections (DCs), letters of credit are used for larger transactions, and a larger total value of transactions.