Lai Jing
Abstract
Letter of Credit is an essential way of payment in international trade.However,using of Letter of Credit has risks due to its own feature and weakness.Banks and enterprises of international trade could draw lessons through analyzing the risk of Letter of Credit and studying on the control of it.
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Letter of Credit is an essential way of payment in international trade.However,using of Letter of Credit has risks due to its own feature and weakness.Banks and enterprises of international trade could draw lessons through analyzing the risk of Letter of Credit and studying on the control of it.
Key concepts: Letter of credit, Control (management), Payment, Business, Credit risk, Feature (linguistics), Financial system, Finance