Fees can also depend on the type of letter. In an import-export situation, an unconfirmed letter of credit is less costly. A confirmed letter of credit may have higher fees attached based on the ...

For businesses that export or import, letters of credit are the financial security of international trade. A letter of credit allows an importer to make sure that an order is filled and shipped ...

announced that it received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”). The LOI outlines a potential debt facility and/or backstop to ...

The Bangko Sentral ng Pilipinas (BSP) said it would not be possible to allow thrift banks to issue import letters of credit unless a new law was enacted specifically allowing them to do so.