How is a documentary credit created, and what are its advantages to exporters and importers?

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Question Posted: May 28, 2012 02:34 AM

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How is a documentary credit created, and what are its advantages to exporters and importers?

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Documentary credits DCs are designed to solve the problems caused by the fact that importers and exporters want to pay and be paid at different times Documentary credits also provide a way for exporte...View the full answer

International Financial Management

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