Learn about Synthetic Letters of Credit (SLCs), pre-funded instruments used in international trade to guarantee payments and mitigate risks like counterparty and currency issues.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

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Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation to ...