Negotiation letters of credit

Negotiation letters of credit

It is proposed that negotiation credits do not work in practice as theory presupposes they do. Given the international banking industry's reluctance to trust negotiation credits' main features and given the rationalization of international banking's correspondent relationships, negoti...

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Bibliographische Detailangaben
Veröffentlicht in:The Banking law journal 2002-05, Vol.119 (5), p.409
1. Verfasser: Dolan, John F
Format: Artikel
Sprache:eng
Schlagworte:
Commercial banks
International banking
Letters of credit
Negotiations
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Beschreibung
Zusammenfassung:It is proposed that negotiation credits do not work in practice as theory presupposes they do. Given the international banking industry's reluctance to trust negotiation credits' main features and given the rationalization of international banking's correspondent relationships, negotiation credits are only marginally useful - and are a troubled product.
ISSN:0005-5506
2381-3512