Letters of credit are often issued in aircraft leasing transactions as an alternative to the provision of a cash security deposit and, less frequently, the obligation to pay maintenance reserves ...

Letter of Credit in Lieu of a Cash Security Deposit -If the monthly rent due under the lease is a very large amount, or for a start-up business with limited cash, a landlord may consider requiring ...

Under Sections 9-312 and 9-314 of the NY UCC, perfection of a security interest in a letter-of-credit right requires “control” and is further governed by Section 9-107 of the NY UCC.

How to Request a Letter of Credit From Your Creditor. A letter of credit protects both parties in a transaction and is commonly used in foreign trade. The issuing creditor is guaranteeing payment ...

Import and export companies use letters of credit as a safe form of payment when goods are sold between countries. With a regular letter of credit, the seller can request and receive payment ...

A red clause letter of credit is an unsecured loan that a buyer extends to the seller, considered an advance. These letters of credit are often used to facilitate international exports and trade.

Bank Letter of Credit Policy: An Overview . A bank letter of credit policy is a guarantee by a U.S. bank that a buyer in a foreign transaction will be paid.