Download the Presentation - Silicon Valley Bank
Download the Presentation - Silicon Valley Bank
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Letter of Credit Characteristics<br />
A Letter of Credit by its nature is a separate transaction from <strong>the</strong><br />
sale or o<strong>the</strong>r contract on which it may be based<br />
<strong>Bank</strong>s deal with documents and not with goods, services or<br />
performance to which <strong>the</strong> documents may relate<br />
Adheres to independence principles<br />
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