Use of l/cs increasing, says HSBC executive
Issue 862
- 10 Oct 2009
| 1 minute read
The use of letters of credit (l/cs) by Middle East importers and exporters is increasing due to the harsher risk environment, according to a Dubai-based trade financier. "Traders have faced delays in receiving payments and, in some cases, even lost money in this region in 2008,
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles and set up news alerts.
Register
