Quick Guide to Letters of Credit

This guide is for businesses that may be considering using, or that already use, letters of credit (L/Cs).

It is an impartial guide whose purpose is to:

• Explain and demystify L/Cs as a risk management tool
• Help readers to a clear, quick understanding of how L/Cs work
• Assist them in deciding whether L/Cs are appropriate for their particular circumstances and, if so,
• Lead them towards making effective use of them
• Interpret, in an extensive glossary, the many jargon words and phrases that L/Cs have engendered.

Lastly, this e-guide is aimed to be cheap and accessible. I hope, therefore, that you will find it cost-effective and good value.