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 What is the fee for a letter of credit?

Answer 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 »
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Top Q&A For: What is the fee for 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 cost of a letter of credit?

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 »
http://www.answerbag.com/q_view/2059453

Does a letter of credit pay dividends?

Letters of credit are used by importers and exporters. They most often are supplied by the importer's bank to the exporter detailing contractual expectations. Letters of credit are used to arrange ... Read More »
http://www.answerbag.com/q_view/1917685

Who issued the first letter of credit?

Although people used credit in Babylon, Egypt and Assyria over 3,000 years ago, the first advertisement of credit was for furniture back in 1730 by Christopher Thornton. However, the first letter o... Read More »
http://www.answerbag.com/q_view/1936792


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