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Letter of credit was paid in bills of exchange and the exchange have to draft what is the difference? ? ? ?

Answers:1   |   LastAnswerAt:2011.05  

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Frances bush 
Asked at 2011.05.10 19:34:02
Letter of credit was paid in bills of exchange and the exchange have to draft what is the difference? ? ? ? New, idiotic question, ask predecessors! Letter of credit was paid in bills of exchange and the exchange have to draft what is the difference? ? ? ? Is not madness, not survived.
answer jenny brown  Answered at 2011.05.10 19:34:02

New, idiotic question, ask predecessors! Letter of credit was paid in bills of exchange and the exchange have to draft what is the difference? ? ? ? The most basic difference is that under the credit bill is a commercial bill of exchange, since often only a symbolic role in the payment order, payment was based primarily on the bill with the documents. Therefore, the credit business and sometimes you can not draft. The remittances are mostly in bank demand draft bill, which is the real portfolio, you can negotiable. Remittance by money order as a tool for votes in exchange for the way we call it, is a bank remittance business. fyi / awen
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