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 What is the cost of a letter of credit?

Answer The fee for a letter of credit is based on a percentage of the amount of the letter. Since letters of credit are sometimes never used, banks often charge a minimum to draft one for a client to comp... Read More »
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Top Q&A For: What is the cost of a letter of credit

Difference Between a Letter of Credit & a Standby Letter of Credit?

A letter of credit and a standby letter of credit are similar services offered by banks to aid financial transactions between buyers and sellers. The bank issuing either of these letters guarantee... Read More »
http://www.ehow.com/facts_6837562_difference-_amp_amp_-standby-letter-credit.html

What is the fee for a letter of credit?

The fee for a letter of credit is noted as a percentage of the amount needed and is expressed as a percentage, typically around 1% to 2%. There are often minimum charges, as the letter of credit is... Read More »
http://www.answerbag.com/q_view/2045798

What is a bank letter of credit?

A bank letter of credit is used to secure goods and services by providing documentation that a loan or line of credit has been issued to cover these costs. Letters of credit outline the amount of t... Read More »
http://www.answerbag.com/q_view/1956918

What is a performance letter of credit?

According to All Business, a letter of credit is a written document issued by a bank as a reference to a customer's ability to repay loans. A performance letter of credit contains specific informat... Read More »
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