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What is Back to Back L/C? how is work?

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Question added by Reji Lonappan , Finance Controller
Date Posted: 2014/11/18
Abhishek chandgadkar
by Abhishek chandgadkar , Senior Dealer , Nirmal Bang Securities Ltd

A letter of credit is bank written promise that it will make a customer the holder payment to vendor called the beneficiary if the customer does not.

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