Learn how irrevocable letters of credit (ILOC) secure payments in international trade, explore their uses, types, and benefits for involved parties.

Learn how a transferable letter of credit enables a primary beneficiary to transfer credit to others, securing payments for ...

A letter of credit guarantees payment to sellers in international trade. Not all letters of credit are transferable; terms vary. Letters of credit differ from lines of credit, mainly not involving ...

This paper examines how credit risk and buyer–supplier relationships shape firms’ reliance on letters of credit (LCs), a form of bank-backed payment guarantee used in trade finance. I construct new ...

Renaissancere Holdings ( ($RNR) ) just unveiled an announcement. On December 22, 2025, Citibank Europe and several ...

A textile exporter in India negotiates a deal with a buyer in the UAE. A Ghanaian agribusiness attracts interest from a wholesaler in Dubai. Yet, even as opportunities arise, uncertainty remains.

Harvard took out a $36 million standby letter of credit from Bank of America at the end of October after the Department of Education imposed stepped-up financial oversight earlier this fall. The ...

The AfDB facility will strengthen Equity Bank’s risk profile, lowering the cost of issuing letters of credit and expanding access to trade finance for Kenyan businesses.