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CPD finance online courses e-Learning CPD for accountants

Online management, finance and business courses to suit your learning needs, budget and schedule. As well as the merit of their content, courses can count as structured & verified, CPE / CPD for accountants.

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Business Finance CPD Online Course Description

Letters of Credit - An Introduction

Letters of Credit An Introduction

Objectives

On completion of this tutorial, you will be able to:

- describe how letters of credit facilitate payment in international trade
- outline the risks associated with using letters of credit

Tutorial Overview

Letters of credit – or documentary credits – have long been used as a method of payment in international trade. In simple terms, a letter of credit (L/C) is a guarantee of payment by the importer's bank to the exporter, if certain terms and conditions stipulated are met. In essence, a L/C substitutes the credit of the bank for that of the buyer for the purpose of facilitating trade.

This tutorial describes the basics of letters of credit and how they work. It also outlines their benefits and drawbacks as a trade finance instrument, and describes their risks from the point of view of importers, exporters, and participating banks.

Prerequisite Knowledge
Documentary Collections

Tutorial Level: Introductory

Registration Information

This short online course can be purchased individually or as part of the following discount scheme(s).

 

Once purchased, you will have access to this course for 365 Days.

Cost: 40.00   VAT*   Add to cart

Duration: 1 hours CPD units: 1.00

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Pages for : ACCA P3 Students
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