What risks accompany a standby credit letter for (a) the issuer and (b) the beneficiary?

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Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

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Question Posted: Oct 31, 2014 10:44 AM

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What risks accompany a standby credit letter for (a) the issuer and (b) the beneficiary?

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Standbys present the issuer with the danger that the customer whose credit the issuer has b...View the full answer

Bank Management and Financial Services

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