https://mauricepointner.at/dokuwiki/ 2026-05-06T04:03:55+00:00 https://mauricepointner.at/dokuwiki/ https://mauricepointner.at/dokuwiki/lib/exe/fetch.php?media=favicon.ico text/html 2025-01-27T20:06:00+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:back-to-back&rev=1738008360&do=diff Back-to-back credits * serve the same purpose as transferable credits.Everything you need to know about Letters of Credit However, instead of transferring the original documentary credit to its supplier, the beneficiary requests that its bank issue a new one in favour of its supplier. A back-to-back credit is text/html 2025-01-27T20:06:00+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:confirmed_credits&rev=1738008360&do=diff Confirmed Credits text/html 2025-01-27T20:06:01+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:letter_of_credit&rev=1738008361&do=diff Letter of Credit ~~INTOC~~ Letters of credit are legally-binding financial instruments that are issued by banks or specialist trade finance institutions to ensure that payment is made for goods received. Documentary credits are payment instruments that constitute a definite undertaking of the issuer (“the issuing bank”) on the instruction of the buyer (“applicant”) to pay a certain specified amount to a seller (“the beneficiary”) at sight or on a future determinable date (“the maturity date”… text/html 2025-01-27T20:06:01+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:negotiation_credits&rev=1738008361&do=diff Negotiation Credits A negotiation credit is the purchase by the nominated bank of drafts (drawn on a bank other than the nominated bank) and/or documents under a complying presentation, by advancing or agreeing to advance funds to the beneficiary on or before the banking day on which reimbursement is due to the nominated bank. text/html 2025-03-23T18:51:51+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:payment_methods&rev=1742755911&do=diff finance Methods of Payment text/html 2025-01-27T20:06:01+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:sblc&rev=1738008361&do=diff SBLC ~~INTOC~~ A Standby Letter of Credit (SBLC) is an irrevocable, independent undertaking by the issuer, on behalf of their client, in favour of a beneficiary, stating that an agreed-upon amount will be paid to the beneficiary if the issuer’s client fails to fulfil their obligations to the beneficiary under a separate underlying contract upon presentation of a valid claim text/html 2025-01-27T20:06:01+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:transferable_credits&rev=1738008361&do=diff Transferable Credits A transferable documentary credit must expressly state that it is transferable and provide the name of the nominated bank or the bank authorised to transfer.Everything you need to know about Letters of Credit The first beneficiary can request transfer to multiple second beneficiaries, provided the documentary credit allows for partial shipments text/html 2025-01-27T20:06:01+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:payment_methods:usance_credits&rev=1738008361&do=diff Usance Credits * deferred LC * also known as a time or term LC * two types: acceptance and deferred payment creditsEverything you need to know about Letters of Credit Usance LCs are generally used when the buyer and seller lack a degree of trust. ~~INTOC~~ Acceptance Credits A documentary credit stipulating the presentation of a bill of exchange (“draft”) which the bank will accept and pay at maturity to the beneficiary.