Letter of Credit Forum

Many of us have come to appreciate Peter M, whose posts have answered authoritatively many questions raised in the forum. Peter has disclosed that he is a Senior manager in the Commercial Financial Services  section of  a major North American Bank and has agreed to share with us his "Trade Finance - A User Guide".This document is a very welcome contribution to our materials and will bridge the gap between the one page Introduction and the Discussions on the site.The 30 page document explains the documentation supporting international transactions, documentary collection, red clause, Back to Back LCs, guarantees, standbys and much more.

Highly recommended reading.