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Basic Letters of Credit (DR)
Learn how to make export letters of credit work for your company. They are one of the more useful tools in a credit professional’s arsenal for reducing nonpayment risk and accelerating cash flow. They help mitigate foreign exchange and country risk, and offer more security and protection when selling internationally. But if credit professionals don’t understand the process, types of letters of credit and attention-to-detail required, sellers can actually increase their risk of not getting paid. Join Amy Sahm, senior vice president and manager of Fulton Financial Corporation’s International Group, as she covers the basics of using letters of credit, including the different types available and what to look out for to make sure that your company is protected when selling internationally.
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