export financing

This forum deals with all aspects of immigration to Canada, landed immigrant status, work permits, etc.

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Joined: Wed Oct 05, 2011 4:16 am

export financing

Post by david964 »

LC is actually an account being opened by banks for the purpose of expo n imp in which you deposit Ur money for the payment to the party u r dealing with. if the party does not provide u a delivery then u can stop the amount of LC being payed to the party. u have to fill a margin money which is 110% generally of Ur trading amount. it differs from bank to bank.
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Joined: Fri Jun 07, 2013 11:38 am
Location: Australia

Post by markspend01 »

Hey Guy well i think that LC is the best facility which is issued by the bank for the purpose of payment method.Thanks!!
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Joined: Sat Jul 06, 2013 4:59 am
Location: 309 Hawkins Ave, Huntsville, AR 72740

Post by HeatherWillt »

I was not aware about LC.I will definitely find out things about it and see weather it can be beneficial for my business or not.
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