;^\=kN[QHC,:sib0>=Sr0'#p#-DZ=L>(b4PE$?Hmm2WIcL"8=m9;8Ep
This notification could allow an applicant to resolve the contract issue negating the need for a drawing. 8RAX&i1f-a@8KKakU+X#DT(h5$:/;+Yp].6TC9a'U#D0UbL"MOK"<5.\'6`[2V$`W
'`m5m+tP=//rp5/YodelV3]dr/oA8+E\ZEQ]r_+A@7U'G"3"C0
oF>`Q?/[h7p=V#[92f#>1N0O6'_X8
*nSnuEg$
endstream
endobj
67 0 obj 2129
endobj
68 0 obj<>/ProcSet 2 0 R>>>>
endobj
69 0 obj<>stream
YZAOX*-]Ler8Mee5QEo,$U>!GbFO@Qbd6R[l1D;=n4(&YBad"9!,@74*lR,KZ(/#=
/);),f.HD-]uf:kQ5(,l=88%G_g!a6\"IAAS?ENH8`4uho$A('%]B$R"3s12UMRUU
M@*,p'.1rp`,-BY-3``BnMD_4Mq?('&[-YeNp+? The SBLC could require the beneficiary to make this certification and provide some form of documentary evidence; e.g. When dealing with a new trading partner or unfamiliar bank, sellers should seek "Wq%!.Z'+cG[VT,!_]"bHeBZacA7Tn,"k&0CI=P!0d&0R,]$Q#6QK'Bs$(:MtrRUrXp`
A1b6(b1R=J5GttNLu`A59%10>LKglA-SECZKf^2'PSFBd%o_'eeR(b?X;7ZLQ_S8T
3NrT[=au:+DZnIHOK*pFK@gW.@gZ%0;`?6j9!JUu6BH?/?\sQGd5ms? =&W44F[^*7#uR(jo#>V!\_gJNeT0!p-gG0p'N%^8#/..hWBg*a<
n^Y?"pR5p*b;? lender and borrower; buyer or seller; principal and drawer; etc. For example, a fraudster may allege a Standby Letter of Credit (SBLC). Standby letters of credit, other financial guarantees and other letters of credit March 31, 2022 December 31, 2021 (in millions) Standby letters of credit and otherfinancialguarantees Other lettersof credit Standby letters of credit and otherfinancialguarantees Other lettersof credit Investment-grade(a) $ 19,186 $ 4,771 $ 'qT)c3IiVn
What Is a Standby Letter of Credit (SLOC)? Technical Advisor, ICC Banking Commission; Member of URDG 758 drafting team; and Co-Chair for the ISDGP. Y;3=YCZUkD)Jmo? NmA98at0&q/$BT[JT6`o>BC%hM#$HdH5:hno4&`j6n24-6f83d_G@Ypd952^TT"HUbq0s'`15ei$PR")!MpMLSmle;`kg. 651Inm/=ulA#i,S>um>\UM=T3#S[>tb957&Et(M@1iO#dm:6\#mSMdYE4>3qOKEDSJl0]4
>L*KJHLUt>#FC? [/-HOo?L8QJ9^i9i-?^sI!Y1i5(+p>(Qpk8!bYhbEYAbF^.ZtAng5H`S5^pOrs.Zd
)@MRJ7):&P5`0*DD6'J8GjS"*&7a)>e_"-Wr`6urb6KpMA!dLO2.WF=SK^J48qI=n.R_9cXJb
. LU.O/+4r@Pe6U1pM1@+\-DSb`BkArcCIkB9ID=]OTO@d>#O+E%"();=LJ@V!qeA6r
n^Y?"pR5p*b;? "!8.JQs%UUb6+NAm#dQea.lK
VE[%,TG,Rl-[g%Uk8o;M2^9kP4bT04HLm:C(0Rqasn=XaQkDF,k!_fZM2otV!t^'<1WnMBS>nUdfp,ca!%NM
]QNW*e_*Cj?>/d7UTmO:kIICN3LGXTaiq8[bT(`PC*m%&!qmsISj4F]g)0/U=t;XW
9"lJ,hk4h3.tk:2-umOD*nEM?L=`M9[HWIT+19! Article 5, the United Nations Convention on Independent Guarantees and Standby Letters of Credit, ISP98, UCP600, and most recently the ISP98 Forms. 0U%95-"b".e'53q"L6/'mCdei1>>,[A[Zo$SC:jZjLWLbM;p]UZJpcAr&6N(F3V1T;,&K-
9"Ds1&RLIGkF?G&I=@>A.Pb"b*]=pJ3N]J)-,JrU`B0c6JIP*(I@j_OaC97pNX)
7_'gs$]0EU=)*urMB8#YV4U$M/Vk`Q42C$c9B?3UW4,_IDs[)BF?N.? NP@-=7Sr:4aBtWD@JcHXVRlksAHju<=m?Sd:Cd;Ut8X/ja)ZosaG5H#eV2L&`/h+hWJLUs`8]s&dna2./+
s4um:k62\bYVq#`*@dMTeb'd@<=AEB!hus;NDW/tC7>F0<2TPZk`5DrI5g-%PL%m;
`(A-f.;T-qS:?6$PqM5Mk0B0ZCOtu^MGFZ]QprDt?G,%f*A's9]-JfPP))S=S.t\Y
:>
EQ/XKJP^Ilp^$pVAA34r!u;!mC;74e_"OFuOaGhj0k"GIf3W9"8_+1EqoKAY:JKDF+S*,B?sF@('?H+9X'((rNasgh(5-[c>OP=="C?!)p! \\3a#lpf8c.Vut0T&:9@`PoU?T
8;X`U9p6MT%fHS&+*c#,7dXf;[kF`!=mtM6.^+lC:u. :BSt>^$MhB$o;)2lU@FY_.&9]"EPQ/AN-rMLPuA(=u/sp*Dm;?G\kniJo:?aj)*qn
=\2CQ.X2Oj,D?PNcq'cB@E,Wd`)ljinO4SBpApO7m(:d[?1Tj_OiSf+L$YTHSG^l#
@6e_8miSCVJjoh4d0t7^K(G/uNo!AMPZC7/4`u,0NlSJN)BC%F"@chuXP/uj8(=%s
)dio*8g6bY0NL9SI*r#1l`p
+MoY*pUq=:AO0GN=DT\Z7#]cu5rFc[55A>=o]iY(j^%^2Y*ZlabrcJr>noZu=?p%H
!Y#_HBj=+c%MCsc]kfF*PNmgUD"YYKp](T->'(Age\eaY=Me'CD']6E3!3Oa=.q3$
n](_u!]YgZIrC/6"Qj9;B".iLd*KL.,f(2F1i?Kt^qW. (`,6W0_M(_I6YrVf'PBtKThijKbsRA]%`K_'R\1Faqb-k&m\dcfQ&-^Zh-AmMeN_S
!6j*6`Y4judQ"%5Hk&rKWod&R(nGC]odb#.M;
@`dR+rmLtlLeUkj8cq\fiZ8)Q47W;+F
(u0a`9u
:2XlPWrZGg[iq[k4S1-"VLu]3@!^>]
oJM!C"Vh'=3/KeL:P7p84,@'3=,P,*s$[aC]k,'nP2+s1AJ>qF$t, kEK(70N1jTH^,im$/l.RBt_rC8#P! ;aK
'YPoV5\Af+JQ1Y.#H4`aCdL5(OH^7OAh!X
@ihI=i&(,35. >? iS4h'SMFTq;oJ[;P^? This allows them the possibility to have the SBLC expiry with a simple cancellation notification and without the need for a beneficiary to agree to an amendment. =n9)OP77^5].JoA3d'`;iMZ'1acg2OMQFT([f,/.AbaTbY_S:3"lh]WH'Q:24Zm0-
;`'qO0+`USOgq]K+mZ]Y=#m%"5N,lfV`VB3Xk;>B.37iCI,g=UR4UtgAENo#-&
+o3EM""6ok'h:%a/lQE[fuqB1?_MTR4IcH(7o+ZLKC>+GF[qE:N^4a^Sgt$0Auq+e
I]>#Fs%aHcdM?Nt[pKJM(?HDW\UN1? endstream
endobj
32 0 obj 2495
endobj
33 0 obj<>/ProcSet 2 0 R>>>>
endobj
34 0 obj<>
endobj
35 0 obj<>stream
bi! "VR8cL\O]&gDG/W"%t]P@`d(VJARsReLmP433s+^A-I"b$s,!FB`SVJ3322D]rRFh
Yo+#GoZV2-85`JC^Gnld1*VDF-%DD/dZM4
U7e#"OWZUQ.hp0AhJ16
Gg[@O`SAifM5d7QQ3USNGoB<7cUeE8_AG)iX&/27lirG^8G2_Q>'GW8a;(ZsU$f!`
Q`OJLIha&d5W%`i31DSj%7_@@DI11E[\6)U9XVDqS,Q&i,W*hBn"JFL&SBiRb(4DjI)[rt.-+!U%a]'&3>?-Dq
*NHl;b#XTQj=2L"Z#=@cA
O]uK>jgT]K^`A*rg6.eLeH$I5JTKm59nUY=
=nDZIZh"JRF$>(2L$WF4[Tui&91qk@/gr\B4J)rmc3p%no:1s=jLSJlnh5;\kHCgG
Between the beneficiary and the issuing bank. lD[]gDX/SpKtW3$%ME?jTJW$2GY%t[^@hg:'.hA+&Eu:O$@C7kb*5/')0X<5]@V!DW)"6iN@^OWF6UaX&A5kd/
D;'Hr? mX:*/GC3,Vmo;?bD_;&uZC!om`=XB^Zk&JW=ec3&$@:EK=/;ocCr[0@MX8l$brdir
ktJKNM5jdi%gl^
:9A7:'OYU&NMB&>bu`X? +dttA-NF!mNo]6X2:;kn4Ps9$P(/lZj=cDn&,lGR/L''Up)e^79u>P*5/qp3V*60M
@1`DUsIC8W&>44RU,>Sh:Ij*;).gFQHe[ngo77O=8p_Ak?,0aRT
YeMMb5N$2C][2Llhh&1A3#=Ei@negL&qX/!=l(E*hCc:P,Z9p#*RP8rrU;mpNVrnh(46X
P%,$&D)qbKB_?? Standard Letter of Credit vs Letter of Credit. 4VOgg6:q*\*@>>c:B5)#Dq%[mEpNrjbU5J#T?`0t.$kap)Vs@sp3C*=2e\OTL8t=$
[-FC=LU@W9rQiFT_W44YLQ":3Z9nP[Sm"b8Mm@qKO/MNC>m)OeDW<
Where an issuers credit rating, size or country risks are unacceptable to the beneficiary, a beneficiary may require an acceptable confirming bank. cf?*l:Y(SNZn2T5q[DBQ]P,0fY[Z]q'R4k-o#`+Er4^=[_LIu7?ra]_cbB.4s! ^Be>=n;;)3e7XD^qO1aQ+Q>giL'A9PU=r
7?G-U^=9GeK8R? )*fZa!KgYae%OSBmcTcmoJL_4o\rJID&Te^dg-(FpdS"ReN`2S(Phh$p)SMh*PC/t
)HC"(VC)aC8M@8;K=[[5%"Vl+Zi(l3$aL;sr
A"3OJO25"BC9'9s!`AKA`k[EIJQf9GDm@TID? n^Y?"pR5p*b;? Director of Public Affairs As a secondary payment option to the beneficiary, if a document presentation/demand is received, it generally means that the applicant has failed to meet its terms against the underlying contract. *eaW!6/$\)jn"b
In case of an adverse event, the bank promises to make the required payment to the seller as long as they meet the requirements of the SBLC. . lQd!le6*e9WEJ1(H%LI(%7;,BPV'GEl"Ek^["=B'cg=$$+gpkd+@Nm1<9>m/6@Q+T(E`;/2h7SIP:6Jmp@+l"cNJ/1]On2^l,7-,V\S/cV3'Q6&56c5+. l`9rLr2s,q)J23%cTc#Jn#&Ud1^)*9AmC;/Y0;@Fh0]mFZO>gS(tB6GNFe7q!o&?q
aCCt5gpMd@]j%He67T5c1(j@Z[-Z^Y:@I\il8',AgAq_]`Z>RQ..7rD4Y0RJnGus$
8;YkubAu>q'`A+5"'-Ff7RHV*UKon&X. D.8]+;Y=,hhQ!YoLR,/r.m)4PsNBMY/-cDmI-0Tl6(2.JKN!? `W]h2Hi'k5e@9g_^m*.BbQUTsT4%FCBG]fH;\@XW/4/dZ&sdtL0.VRT630.KRbl?I
@9hqkC4[@^-!C/-nYCED[rl00D?Eke&)bXb>j\$djIclG)D`j@AbeM0\auYOG5D
:kr-YBiA&JP>Aj!`i]7V$b,aI4Kn7:!1+b
:O`BcbSo=~>
4%mar5IT5EkVo&-X+0P! @`dR+rmLtlLeUkj8cq\fiZ8)Q47W;+F
\\3a#lpf8c.Vut0T&:9@`PoU?T
=tRSl-! $9/bDRMiJRa?F&clCO9P2qJV2*0\V`GIE3Q_:S'fgoS)8);ESBbL*[s#]JpAYk,K. 8;X`UgQ(#X%/g8-"!=Rn:g
Thomas and Company Escrow Services. In reality, the money was wired to the personal checking account of Kenneth Thomas, who was not an escrow agent, and who acted as Abrahams chauffeur. lender and borrower; buyer or seller; principal and drawer; etc. ?/?./TmhS!8,,S;S7Dl`hC-IPA5+1C;,pV8"SgS7W][E.8c_8X&+E*LK+T\)%$+;M
She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. ^kQJQDH3lH]rLqfriVteR?KBVnHZW)nLc-_7mE0K2]im11grgY^rc[YaF-G(KN3?%?IY>*cjd"`cGO4,qNgGMQ?b(iFomN9J[k_=,1]L(9r6mb,LDbG. [EsYb[e7kc=27:F>&\sZ?BmTrKY3X:B4QU30k)dTeG+Q!N;s.H(9HaJ\o?I-.X`sm
endstream
endobj
70 0 obj 2498
endobj
71 0 obj<>/ProcSet 2 0 R>>>>
endobj
72 0 obj<>
endobj
73 0 obj<>stream
%\stgX$pO?_o3Mi+FAB1N=u)n$[C%067hg]7I)201dib6Mt"qVW(se>%cel]JtWT-
p_>LVd]"E_VPH/$5-&pc>)S;`(loDD7854l_/TC;?,cmW6f!isXWir4mUY3.1R.VC
SBLC undertakings support/collateralize any type of underlying contract, agreement, or obligation between an issuers client/applicant and the applicants client/counterparty, the beneficiary. A);?^E!f/!Z;oJ\->5D+5(WniiNF4cL'Go\fL3cHGn6*Wigt]&3ZV^LP0uk1KnpqC=J;/a
.L5JJ&bl
]M'Ko3_;FTm-X[\M*_p>K&.9*LdgUcDU_PW%6MXcD3aD>alm?`F"b^/\EN]'
An applicant is not a party to an SBLC. XWBR`iq]bA[;Al]g.&4#SnY.3r)@X&/7j(6&6Tm&o,I=0nN11?om0?8kpP]04:? The performance SLOC, which is less common, guarantees that the client will complete the project outlined in a contract. ::j$u>qdn-tS5%8-VP.9)UN``)>>Bp;)gpW:rjEAn@k<4.A8;Vt6cDgaT
8;X0EacbC:&H.4V#97cg;j**!>AeU(+'_Cj'i/^gJOF1)Qi^hOk"J3l9B4d>c&
WebThe Internet Crime Complaint Center (IC3) has received complaints indicating fraud actors are fabricating business and financial industry connections, and access to international 4#X:"8stZ[Ne,T0n+h(Ll.GGkMVo+IZfrJo$Z*6>brW@,!O*TE+u
In this extremely comprehensive guide to standby letters of credit (SBLC), we cover: What a standby letter of credit is; Why SBLCs are used more commonly in the USA; Risks and considerations to be aware of when using standby letters of credit; An overview of the different types of SBLC available XGd#
ei;l_N#ea=HrJ6pROM?te:Y[P0h.XdLA-h\e9TTqArMT[koXY?PXTlPNG!R6b0JDe
CB";9rJ/>~>
UCP is a set of rules that that when incorporated into an undertaking, will. ;\,)V9flOGG'!^+$K^eJN'J10FFT^5dJ5+Z35505N&$XO%NCR19$O6p>&g_2+Pm-?MZ6uSn
R_utkU\tOp*XT30OWV):[([qk^(u8DT#E!IJdB$Sqk'bUIDr=Ff(U]6fEAWHiM3
8;X0EgMZ)\')Vh2"! 8;X0E?#Sc5(&\=3%t&1$>:WV/qmN! 81BgKH[dDprmn:"VU-alJ%`f4\IZb=JDMs'n#c;Tl>].bC+&4W!\K;LVo@'.c\rPW#RC=L;HhPhO+Wb;=! "5UORk(QQG*VQH-uP+#/GIB'ejl"PLM
8;X0EflH+2(B"=7"!0NQM]oSd00"Q:qk"b;n`,I/eFmn/tM0T&fO!4oTC:1A^7,f\JJN7Z?p]b/t,gG'LkF.i&?%
iS4h'SMFTq;oJ[;P^? WebOwner shall have the right to draw down on or collect against such Letter of Credit upon Owners demand in the event of the following: (a) a Default by Contractor or the owing by Contractor to Owner under this Agreement for Liquidated Damages or any other liabilities, damages, costs, losses or expenses arising out of or relating to a breach of )?CO96Hq[a^\"qK&h?m?,@+m0.52EV*
i3&?2V\WA0?R(31(A[]LSn(K6_Phl(M+X8!H)TP?]. "I(5WpAqrdYGSSFK7Pi8g$WN84k(%&&']%T
1,tHIpj10KgI_*1B0/g"9ULK42Vm
>0D$Jd9rT\nLG#]@00)ZBo0K+ZA,ku\NSjFDp$[m+S*L?%>Ur7j4sB]29f56Xm#p9
Ab7[&!n#1R@MOkH_*O1#BH'FJT)`oi&A8r6=]'lI,nIu+6YGQlO3i"D]?a+Z&8_O1
:4M[&Q*ST3.QG=TE'+ke9l.L\l,#oAJ<9:D95cp
-[c+:-KD@AACOE42D>V.2>40j"KO0M<8R0E!Oj39C2U?AKl=,aZpOOq:pDAhZ@"mnLn%4?Qnan]
endstream
endobj
80 0 obj 2317
endobj
81 0 obj<>/ProcSet 2 0 R>>>>
endobj
82 0 obj<>stream
N70CHW9ZKQ[6*0k.0:ldJ;iM#c53HUldqZd,8IM#S!8TX,-_U8OOKce4`T1/iB0LI
mQ$EnFK9G2[_P_0EO<=&\.=P,Xtr,]Bq
?PkpVB^)NNZ'K^p[F$\$GL_S*c_a=9l_DTjbYoB3eY<11?>#G-'/I
He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School for Social Research and Doctor of Philosophy in English literature from NYU. It differs from a standard letter of credit in the sense that it is used only in case of unwanted circumstances only. g@J`f`Rp+=fna_dS)_iFdWOojA\"$8f^dKi+O"anGIY1:b-R^:l61UR+kSd92HGc;Z
"5UORk(QQG*VQH-uP+#/GIB'ejl"PLM
WeuRss2GZiM([el;R_iXl9?MB#:S*n$LTL]C]4C6M8(R@5&Z7f!LM-VjDAAg@h\?`
]i,MbaQ]YR%c8G`DcIdT?Yc`%AU-q_-=Ohb^[JR-pUurXJSHbAP=1Po/9q!I3Z_
5Jl&-g6*K>&In=! a\Y[ES7Z8N%igksi`S%bV"(8Aj-#`?Q:pG%_B%h9kQ^GQ?8@=ujCqGb/5BG(Z?JD2
"N&aae+(\j[!,6J&8I!>Ml)X7`g%/X3sP1ioI;;$,Zn(6H^N(8u$+rRgbb
*%qmd?\)*BDl,mY[^[@s'012RA%ftt`&JAihF`?5iCa_4dQ)%GEZL8p2"pgW@a?\]=-21qbfEE2_1jeBl`t;d`,L_U`"S
8;YkuflGh:(B"=56U0"!A-]eUX#sONjDi=PB.QdQ+jP9S9oO*;)"H:,aUOj6gh*0&q[mcP$Ip,_[0h;B4V8t$WnQr'hKf(
fgZ*Y5++#qLSejhH8nS3s2rkuVJ'+hMpk"tH'.r0k@s#N[^DJ>YnGZh4.r@Ch0.>Y
.iW)Hf(E31Z,=q4lt8KRRU$:Q)Sq)E2G>,D+3kK(@$;$PAm8S1H+7APn&V8Ka12T=
R68St++kWqg!/`FP\%LESIdNO$$LkN'm^#Ha>i2)'ag:Ik[b5J6:i-R%8/LA):)bL
0_nCGIcRegOeVK'G^LdIY9,m-@d7D_C=W2d
ZQ!ugh)92jW`/(#^3b5UA02o;qe31?] [-%c`L@XhF..cAV\BpZ
Hi/ROeq-t>/L@+,5(8ej%$It3gqPBR;2Hd8CkeN=:7W>Nm[37kE6q:l33A7Q)joHf
endstream
endobj
51 0 obj 2653
endobj
52 0 obj<>/ProcSet 2 0 R>>>>
endobj
53 0 obj<>
endobj
54 0 obj<>stream
For the business that is presented with a SLOC, the greatest advantage is the potential ease of getting out of that worst-case scenario. (!R?8hTRfPE?&%e-0^"oIO_WQ]6XIABmaob=V?,DJl:m9p^G>Sgc?6'OIFg*s8"c9"3_dkc>f(ht.iN*6kQLuG"-r2ZZ-VE4:9OsO
@]1$]^`.OPBYgOU6-=ha@fsMY%a;GD
"%>t=pCPP*ia`u[X1.k3#%=OB)Ku-bImJL='C:T^U^Qbg8nN?IhD?8us.4ga2E,fj
o=#iu3OPOrM5@]>2C2k1sc]"ta@1L_e0]$EkZ6e23])W)m:1*0SB+h0TMh.iRI`(AkY^UD7=!_euYZ7]/cnZCi7=pF#t=&K`pHi*Okk
)LFfHu5+"N%Hdr"5
lKKLJJ1mQJ$c43IQ0lW$W,LG&^AnY6? a?&F6;(9l1h=6u]*YDFB??9--*?pYlH23eso[q@_jL2jR^RgL_HUd&h_d$H2eNJ:. $sfY)^r]n?g+=Y$PEQkfO0^#[JA`e?Yfc5l`T=aiD"rJ/n1qi4CBa?JNV-qq50hW*
jfuVD-!F>P?. 0_nCGIcRegOeVK'G^LdIY9,m-@d7D_C=W2d
Ukd^Q_tGYmhbrd7BTi7o=:>7YRPe?X;0A2D>8%6A^!=
XUHHoY^6HF"r]M7@secd@UAJK)XgfEa#au]BTMT#iQ(([Y*eP5[PN&,[n&=nB7Ws! :Mr>4qcK@`7!bAbP]YBLT1_U0%+tg6UCSbN[rOB9KTOm_(fBoAVDS5'#n[gR]:1c12,=iI\NgARuL`,
7r=2^]u41miL/l*f3]?C%IOr"gR/E0hM-5>,m>a*>$M9qo+loliDo4913Djjl]Nj;
;aG(59-2p
3oQ;EalYqhE+80fl,d(112>t_fSU/fCrKfD4b4k0g^P(JbC^k<1Vu`LK@joI)*\$>6==_UHPI;^#RNJT/UL5[2@W^P
endstream
endobj
118 0 obj 2645
endobj
119 0 obj<>/ProcSet 2 0 R>>>>
endobj
120 0 obj<>stream
These are contractual, non-financial obligations such as: completing the building of a road or wind farm, etc. Trade Finance Global. (qc#ZPUF;+:_rra!B[7C1*hZ7KO/X[\tlV'.UGutl[4DW;X[-K:LFq!^/I*9XRoe3
`]f_Q[?UZ?7Eb:eVb-MD"h+XH[M;eIH@r/CF_]Gcp043C.dgVE56!Z:#Adcr!jj@t-@OBF.mdUEKfL`C9.HL2G.bGD)EXZ3t*C
R1sEtLGG=\:sr\rRNYbDM\i8\UOWhFrrLgHCF.,r?T8_XL
*"3`K4[&RMF4[^lWCTrGp`Q'0GEh%C]I.n6O.7n)n@G[ZbmrTl9i#H=g(8QSpZ)_8
8;X0EbAQ)n'`A+5!uG7M^l0K&XmV@^6+c?X23:Nj*/QJh=eCEBP!N:
FKIHlT5)M$"Vk?p1Z*`'U0[+R. [3u_h*f-oG+s:IMGP^O"%V*do(CmXVSeY2Ea?n2]i,L?oLtgc(B%1[('N
q4Z6Q`&2`\Wf1;VS-cfB"?`?>XZG=2O22%?\qj+BI`B)O(BpH9aF-N8]_82`='. jS8dLA[9fcL:T_JeII=p'/tQmL0p;6%qmq)!4ZK7>o4.o)te\.1O=(d-.Q'>f"
For example, a delay in shipping or a misspelling a company's name can lead to the bank refusing to make the payment. )dio*8g6bY0NL9SI*r#1l`p
2c2pu_'e(5\<>[_q*#\D_=(hJ7'i)OV`BBng`-aE1PTqZ/q]&e#$j$"/gQh-l^?bC.hE
4Rag;M0qu]>iV;>%d["f"7dmN)+RnHI@,brhT&@Y(U-BIYa])$e)S>q!/.KoC&~>
)*fZa!KgYae%OSBmcTcmoJL_4o\rJID&Te^dg-(FpdS"ReN`2S(Phh$p)SMh*PC/t
]O
can collect the payment for goods delivered from the buyers bank. /TK,s`gTdDEPgpTNr;';l%3Po/)frVUp@5WWQqN0bMAdA!4s
C%*.^9p5"?G>_ip!QH[M4cGX#ZUECkC:@N0/lt&R&bM*$`.cR$loj7B#QEbT`+*++
r0=M_\ZJ6fPBkL,3V='S\Y_#ZUjNpGS",f\/kn0e[rBr&"3*4F3auO],8sUS\m*i