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E-mail: Rycroft Associates
Letter of Credit- A letter of credit is a document issued mostly by financial institutions who provide an irrevocable payment to a beneficiary against documents as stated in the Letter of Credit.
Letters of Credit are not a negotiable document and cannot contrary to popular belief be discounted, however, they can be assigned and used as security to secure loan funds (which achieves the same objective at the end of the day).
Should you need funds releasing against Letters of Credit or other financial instruments, please contact us we have
access to banks as well as private financiers.