What is a back-to-back letter of credit?
A back-to-back credit is a second, separate credit that the intermediary opens in favour of its supplier, using the first credit as comfort. The two credits are legally independent of each other.
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A back-to-back credit is a second, separate credit that the intermediary opens in favour of its supplier, using the first credit as comfort. The two credits are legally independent of each other.
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