Business
We take a dive into the world of Letters of Credit (LCs) - non-structured, unfunded trade finance products - some of the essential tools in cross-border trade transactions. An LC is a payment undertaking that a financial institution issues on behalf of a buyer. There are many different types, and in this podcast, TFG gets an overview on Commercial Letters of Credit and Standby Letters of Credit (SBLCs). Full podcast and transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-e57-baft-standby-letters-of-credit-sblc/