The Letter of Credit Payment Mechanism Term Paper by cee-cee

The Letter of Credit Payment Mechanism
This brief paper is a summary of the letter of credit payment mechanism including its usage, importance and contribution as a financial tool.
# 107793 | 856 words | 3 sources | MLA | 2008 | US
Published on Sep 12, 2008 in Business (General) , Economics (General) , Accounting (General)


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Description:

This study defines and describes the payment mechanism of the letter of credit, its usage and importance in international financing, as well as the contribution of this financial tool to the risk reduction in commercial and non-commercial transactions. This paper is concluded by the ending thoughts of the author regarding the above mentioned topic.

Outline:
Definition of the Term Letter of Credit
Importance in International Transactions
Letter of Credit Reduces Risk in Commercial Transactions

Sample of Sources Used:

  • Koudriachov, S. 'The Application of the Letter of Credit Form of Payment in International Business Transactions' (2001) 10 Int'l Trade L.J. p. 37
  • Aaron Larson - 'The Letter of Credit' - Law Office of Aaron Larson, definitions and examples found on Expert Law library, August 2004. http://www.expertlaw.com/library/finance/letter_of_credit.html
  • Marget L. Moses - 'Controlling The Letter of Credit Transaction' - Connell Folley Attorneys at Law office http://www.connellfoley.com/articles/moses1.html

Cite this Term Paper:

APA Format

The Letter of Credit Payment Mechanism (2008, September 12) Retrieved June 02, 2020, from https://www.academon.com/term-paper/the-letter-of-credit-payment-mechanism-107793/

MLA Format

"The Letter of Credit Payment Mechanism" 12 September 2008. Web. 02 June. 2020. <https://www.academon.com/term-paper/the-letter-of-credit-payment-mechanism-107793/>

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