Translations for „Stand-by Letter of Credit“ in the English » German Dictionary

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standby letter of credit N INV-FIN

Specialized Vocabulary

standby letter of credit

Standby-Akkreditiv nt

standby letter of credit

Standby Letter of Credit m

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.

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