The writing and confirming of L/Cs must achieve more than just risk shifting without overall gains, otherwise

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The writing and confirming of L/Cs must achieve more than just risk shifting without overall gains, otherwise these techniques would not exist. What are the advantages?

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International Finance Putting Theory Into Practice

ISBN: 978-0691136677

1st edition

Authors: Piet Sercu

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Question Posted: Aug 07, 2017 09:45 AM

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The writing and confirming of L/Cs must achieve more than just risk shifting without overall gains, otherwise

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The risk is born by a party better suited t...View the full answer

International Finance Putting Theory Into Practice

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