I am interested to understand if people buying through a broker have managed to get a transferable letter of credit opened by a top 50 world bank!!!
2006-08-05 21:00:20 · 4 answers · asked by Interested 1 in Business & Finance ➔ Credit
No I havent, but used to work at a Bank and would recommend you speak to yours.
They can give you advice and you can then go where ever you choose.
2006-08-05 21:08:05 · answer #1 · answered by 'Dr Greene' 7 · 0⤊ 0⤋
No. The Letters of Credit that I've dealt with have always been non-transferable, and typically only good for one year unless there was an evergreen clause.
2006-08-07 20:35:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
American Express invented travellers cheques because of the hassle of getting cash off letters of credit. Unless the amount is several thousand and business-t-business, you are likely to get into a hassle with it.
2006-08-07 08:08:45 · answer #3 · answered by halifaxed 5 · 0⤊ 0⤋
nope
2006-08-06 04:04:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋