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Translations for „standby letter of credit“ in the English » German Dictionary (Go to German » English)

standby letter of credit N INV-FIN

Specialized Vocabulary

Monolingual examples (not verified by PONS Editors)

English
The terms standby letter of credit and blocked funds letter are also used.
en.wikipedia.org
This is because standby letter of credit collateral can not be used to fund the underlying commodity derivative.
www.mondaq.com

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