General understanding of the Standby Letter of Credit

Elmentve itt :
Bibliográfiai részletek
Szerző: Farkas Károly Dávid
További közreműködők: Csekő Dr. Katalin
Dr.Nagyné Orova Tünde
Dokumentumtípus: Diplomadolgozat
Kulcsszavak:Amerikai Egyesült Államok
banki finanszírozás
banki hitelezés
kockázati elemzés
Letter Of Credit
Online Access:http://dolgozattar.uni-bge.hu/59117

MARC

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520 3 |a As stated in multiple instances throughout the material, the goal was for a person without any knowledge of the Standby Letter of Credit to gain the ability to enter as a beneficiary or an applicant in a confident manner. The material contains sufficient information enough about the SBLC to obtain this ability. However, in regards with chapter 3, rules and regulations are definitely better to be examined more carefully and recommended to do so with the support of a professional who can interpret the applicable law correctly. Most importantly, the material gives several answers to the presented research questions in the introduction part. The following conclusion can be made in accordance with the research questions formated in the introduction part: The Standby Letter of Credit is an attractive financial instrument used in international trade, the appliance of the SBLC can facilitate growth as deals can be secured, which without the use of the instrument would not be possible. The most important features of the document to obtain broad knowledge about is the requirements for drawing on the specific SBLC, as well as the nature of the Standby, as it is an independent undertaking. The SBLC is considered as a trustworthy instrument, which is proven by the data provided for the popularity of the instrument, more specifically the instrument being one of the most used documentary trade products especially in the United States of America.On the other hand, negative outcomes occured in certain cases presented in chapter IV of the material, where usually the root of the problem is unrightful drawing of the SBLC. Consequently, significant changes occured in rules and regulations governing the instrument, making the possibility of fraud much lower. 
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