Question
OhBank also regularly provides documentary letters of credit for OkayCorp, which has a credit rating of A+. The outstanding contracts have a face value of
OhBank also regularly provides documentary letters of credit for OkayCorp, which has a credit rating of A+. The outstanding contracts have a face value of $5 million. If the bank supervisors credit conversion factor is 20%, find the dollar value of capital required to support this letter of credit facility.
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The Essential Nonprofit Fundraising Handbook
Authors: Michael A. Sand, Linda Lysakowski
1st Edition
1601630727, 978-1601630728
