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International Law

: Bank Law Blog

Letters of credit ? Guaranteed reimbursement?

By 1banklawblogger

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Consultation on a product that guarantees reimbursement of UK confirming banks under letter of credit arrangements has started. The Export Credits Guarantee Department seeks views on such a scheme. Export finance has recently become harder to obtain and more expensive. The ECGD propose to launch the Letter of Credit Guarantee Scheme (provisional title). The LCGS would [...]

Full post as published by Bank Law Blog on May 13, 2009 (boomark / email).

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