Question: Assume as the loan officer of a commercial bank one

Assume, as the loan officer of a commercial bank, one of your customers has asked for a “commercial letter of credit” to enable his firm to import a supply of well-known French wines. This customer has a long record of commercial success yet has large outstanding debts to other creditors. In what way might you accommodate the customer and at the same time establish protection for your bank?

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  • CreatedMarch 27, 2015
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