News aggregator

Euro zone fears starting to hit trade, financing - Reuters

LC News - 37 min 38 sec ago

Euro zone fears starting to hit trade, financing
Reuters
An exporter can greatly reduce the risk attached to such 'buy now, pay later' transactions, which make up an estimated 80 percent of global trade, by buying a bank letter of credit. But Tan, speaking as chairman of the International Chamber of ...

Categories: LC news

First Nickel Reports First Quarter 2012 Financial and Operating Results - Energy Digital (press release)

LC News - 1 hour 23 min ago

First Nickel Reports First Quarter 2012 Financial and Operating Results
Energy Digital (press release)
The bank has released the restriction on our term deposit of $5.9 million, which was previously used as security for a letter of credit in support of the closure plan, making the funds available for the Company's use. The Company entered into multiple ...

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Direct Import Analyst - Mattel, Inc. - El Segundo, CA

LC Jobs - 1 hour 40 min ago
one of the best places to work, it's also a lot of... information to manage and coordinate the letter of credit process as it relates to adhering to customers...
From Monster - 17 May 2012 15:23:26 GMT - View all El Segundo jobs
Categories: LC jobs

Letter of Credit Specialist - Synergy Personnel Inc. - New York, NY

LC Jobs - 3 hours 54 min ago
Imports and Standby Letters of Credit specialist. Required: 5+ years experience in issuing/amending Imports and Standby Letters of Credit, process Documentarty...
From Monster - 17 May 2012 13:09:38 GMT - View all New York jobs
Categories: LC jobs

Credit Risk Analyst - Experis - La Palma, CA

LC Jobs - 4 hours 40 min ago
offer an understanding of credit and AR management... of energy commodities, and clearing/exchange operations. Letter of Credit experience. Intermediate level...
From CareerBuilder - 17 May 2012 12:23:39 GMT - View all La Palma jobs
Categories: LC jobs

Treasury Analyst - Jarden Corporation - Rye, NY

LC Jobs - 4 hours 41 min ago
of niche consumer products. Jarden operates in three primary business segments through a number of well... notices. Monitor Letter of Credit ("LC') activity and...
From CareerBuilder - 17 May 2012 12:22:25 GMT - View all Rye jobs
Categories: LC jobs

Selling Your Product Into China. What You Need To Know. - Morning Whistle (blog)

LC News - 6 hours 37 min ago

Selling Your Product Into China. What You Need To Know.
Morning Whistle (blog)
Sophisticated buyers typically will not accept this unless you put up a performance bond or open a standby letter of credit so that it can get its advance payment back. Note, however, that it can sometimes be difficult for Chinese companies to obtain ...

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Trade Services Analyst - PNC Bank - East Brunswick, NJ

LC Jobs - 10 hours 22 min ago
operation of letter of credit and automated systems... letter of credit applications, amendments, documents and payments under letters of credit, advised credits...
From PNC Bank - 17 May 2012 06:41:25 GMT - View all East Brunswick jobs
Categories: LC jobs

Commercial agreement between Discos, CPPA proposed - The News International

LC News - Wed, 05/16/2012 - 17:50

Commercial agreement between Discos, CPPA proposed
The News International
... (ICMAP) has proposed that there should be a commercial arrangement between distribution companies (Discos) and Central Power Purchasing Agency (CPPA) while Discos should provide guarantee or letter of credit (LC) to the CPPA for power supply.

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Import Coordinator - Int'l Logistics (2427309) - Talmo & Associates Inc. - Inglewood, CA

LC Jobs - Wed, 05/16/2012 - 14:51
Strong understanding of Break-Bulk procedures High... Import Specialist, HTS book,U.S. Customs exams,letter of credit,Trucking,border,Exporting,exporter,shipper...
From JobsInLogistics.com - 16 May 2012 21:51:14 GMT - View all Inglewood jobs
Categories: LC jobs

Associate / VP (IT Lead) - TAKUMI - Jersey City, NJ

LC Jobs - Wed, 05/16/2012 - 11:22
contacts in support of assignments Manage and support the isolation and resolution of software issues Lead... services (Letter of Credit Stand By Letters of Credit...
From Dice - 16 May 2012 18:22:35 GMT - View all Jersey City jobs
Categories: LC jobs

Fitch Rates $75MM Philadelphia (PA) Gas Works Revs (1998 Gen Ord) 8th Ser D 'A/F1' - SunHerald.com

LC News - Wed, 05/16/2012 - 10:04

Fitch Rates $75MM Philadelphia (PA) Gas Works Revs (1998 Gen Ord) 8th Ser D 'A/F1'
SunHerald.com
The rating is based on the support provided by an irrevocable direct-pay letter of credit (LOC) issued by Bank of America, NA (rated 'A/F1'; Stable Outlook). The bank is obligated to make regularly scheduled payments of principal of and interest on the ...

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Fitch Rates $75MM Philadelphia (PA) Gas Works Revs (1998 Gen Ord) 8th Ser D 'A/F1' - MarketWatch (press release)

LC News - Wed, 05/16/2012 - 09:24

Fitch Rates $75MM Philadelphia (PA) Gas Works Revs (1998 Gen Ord) 8th Ser D 'A/F1'
MarketWatch (press release)
The rating is based on the support provided by an irrevocable direct-pay letter of credit (LOC) issued by Bank of America, NA (rated 'A/F1'; Stable Outlook). The bank is obligated to make regularly scheduled payments of principal of and interest on the ...

and more »
Categories: LC news

INTL FCStone Expands Trade and Export Finance Group - MarketWatch (press release)

LC News - Wed, 05/16/2012 - 07:51

INTL FCStone Expands Trade and Export Finance Group
MarketWatch (press release)
Most recently, Parreira held the same position at Espirito Santo Bank's Letter of Credit Administration and Trade Finance Department. She has also worked for First Fidelity Bank of New Jersey, Standard Chartered Bank and Melon United Bank.

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Selling Your Product Into China. What You Need To Know. - China Law Blog (blog)

LC News - Wed, 05/16/2012 - 07:36

Selling Your Product Into China. What You Need To Know.
China Law Blog (blog)
Sophisticated buyers typically will not accept this unless you put up a performance bond or open a standby letter of credit so that it can get its advance payment back. Note, however, that it can sometimes be difficult for Chinese companies to obtain ...

Categories: LC news

Innergex begins commercial operation of its Stardale solar farm - Stockhouse

LC News - Wed, 05/16/2012 - 07:02

Innergex begins commercial operation of its Stardale solar farm
Stockhouse
... with Bank of Tokyo Mitsubishi UFJ, Ltd. as lead arranger and administrative agent, for the construction and long-term debt financing of Stardale, consisting of a $111.7 million non-recourse term loan and a $5.6 million letter of credit facility.

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Controller - Accounting Dept - Sport Dimension Inc - Long Beach, CA

LC Jobs - Wed, 05/16/2012 - 05:48
of the accounting department to insure consistency and accuracy in all transactions of A/P, A/R, Credit... of Licensing and Sales Agreement;- Letter of credit... $65,000 - $80,000 a year
From CareerBuilder - 16 May 2012 12:48:38 GMT - View all Long Beach jobs
Categories: LC jobs

First Nickel Reports First Quarter 2012 Financial and Operating Results - MarketWatch (press release)

LC News - Wed, 05/16/2012 - 03:06

First Nickel Reports First Quarter 2012 Financial and Operating Results
MarketWatch (press release)
The bank has released the restriction on our term deposit of $5.9 million, which was previously used as security for a letter of credit in support of the closure plan, making the funds available for the Company's use. The Company entered into multiple ...

and more »
Categories: LC news

Common schemes still pervade - Tulsa World

LC News - Tue, 05/15/2012 - 23:56

Common schemes still pervade
Tulsa World
Letter of credit fraud: Legitimate "letters of credit" are never sold or offered as investments but are issued by banks to ensure payment for goods shipped in internationally. Payment on a letter of credit generally requires paying banks that receive ...

Categories: LC news

Shipping & Logistics Specialist - FLSmidth, Inc. - Bethlehem, PA

LC Jobs - Tue, 05/15/2012 - 22:59
to review customer letters of credit for shipping and... with letter of credit requirements, and the timely and accurate banking of letter of credit documents to...
From FLSmidth, Inc. - 16 May 2012 05:59:22 GMT - View all Bethlehem jobs
Categories: LC jobs
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