The Game of Risk and Reward -- L/C Operations and Skills

Author: Zhang Linsen / Wang Xiaoxue (editors)
Publisher:
Publish Date: 2004-12-01
Features: Risk and return are two eternal themes in modern business activities. Letter of Credit (L/C), the main settlement method in cross-border economic transactions, has remained timeless and has regained its brilliance in the electronic age. This is not a rehash of old topics but rather an eternal game of risk and return. Starting with the general operational process of letters of credit, this book focuses on the practical applications of different types of L/Cs. Using case studies, it provides valuable suggestions for identifying and preventing common risks associated with L/Cs in international trade. It also offers detailed insights into the latest developments in L/C operations. Additionally, the book discusses interbank fund settlement, financing, and credit extension in the context of L/C transactions. Therefore, it is highly beneficial for professionals engaged in bank fund settlement as well as employees in import and export enterprises. The most distinctive feature of this book is its lively and engaging writing style, comprehensive and detailed content, and flexible writing approach. It abandons the conventional discussion patterns in this field, combining serious rule discussions with witty case studies and Q&A sessions, clear academic definitions with detailed operational explanations. The book consists of 10 chapters and approximately 250,000 words.