What is a confirmed documentary credit? Why would an exporter demand a confirmed, irrevocable documentary credit? What

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What is a confirmed documentary credit? Why would an exporter demand a confirmed, irrevocable documentary credit? What are the costs of using a documentary credit?

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Question Posted: May 28, 2012 02:34 AM

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What is a confirmed documentary credit? Why would an exporter demand a confirmed, irrevocable documentary credit? What

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A confirmed documentary credit is one in which a second commercial bank agrees to honor the draft pr...View the full answer

International Financial Management

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