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1. What are the mechanics/steps in letter of credit financing? 2. Define/describe the following types of trust: *As to individual trust: a. Voluntary or living

1. What are the mechanics/steps in letter of credit financing?

2. Define/describe the following types of trust:

*As to individual trust:

a. Voluntary or living trust

b. Testamentary trust

c. Insurance trust

d. Employee benefit trust

e. Investment management services

*As to corporate trust:

a.Collateral trust

b. Sinking fund trust

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