Suppose your employer wants to export its products and get paid through letter of credit (LC). You have volunteered to become the company’s LC expert. One way to accomplish this is to visit globalEDGE™ and do a search on the keywords “letter of credit.” Another is to visit the Web sites of major banks to learn about procedures and instructions for getting paid via LC. Visit the Web sites of CIBC (www.cibc.com), the National Australia Bank (www.national.com.au), and Wachovia (www.wachovia.com) to see what you can learn about LCs. For each bank, what are the requirements for getting an LC? What services does the bank offer in regard to LCs? Can you get training in LCs from these banks?