RISK IN THE MANAGEMENT OF INTERNATIONAL LETTERS OF CREDIT IN COMMERCIAL BANKS

International letters of credit (LCs) are essential instruments in global trade, providing secure payment mechanisms between exporters and importers. Issued by commercial banks, LCs guarantee payment to the seller upon the fulfillment of specific terms and the presentation of required documents. This mechanism reduces the risk of non-payment and builds trust between international trading partners.

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-05-06
DOI
https://doi.org/10.5281/zenodo.15349516
Primary Topic
Law, logistics, and international trade
Type
article
Field-Weighted Citation Impact
0.00
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article

RISK IN THE MANAGEMENT OF INTERNATIONAL LETTERS OF CREDIT IN COMMERCIAL BANKS

Zenodo (CERN European Organization for Nuclear Research)
Law, logistics, and international trade
article

RISK IN THE MANAGEMENT OF INTERNATIONAL LETTERS OF CREDIT IN COMMERCIAL BANKS

article en

Abstract

International letters of credit (LCs) are essential instruments in global trade, providing secure payment mechanisms between exporters and importers. Issued by commercial banks, LCs guarantee payment to the seller upon the fulfillment of specific terms and the presentation of required documents. This mechanism reduces the risk of non-payment and builds trust between international trading partners.

Zenodo (CERN European Organization for Nuclear Research)
Partnerships for the goals
Openalex Percentile: Top 41%
Law, logistics, and international trade
DOIOpen Access PDFOpenAlex
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RISK IN THE MANAGEMENT OF INTERNATIONAL LETTERS OF CREDIT IN COMMERCIAL BANKS · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS