red clause credit


red clause credit
/ˌred klɔ:z 'kredɪt/ noun
a letter of credit authorising the holder to receive an advance payment, usually so that he can continue trading

Dictionary of banking and finance. 2015.

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  • red clause letter of credit — Also known as anticipatory credits. A letters of credit which contains a clause (traditionally printed in red) authorising the nominated bank to make advances to the seller before shipment/presentation of documents. It is generally of value to… …   Law dictionary

  • Red Clause Letter Of Credit — A specific type of letter of credit in which a buyer extends an unsecured loan to a seller. Red Clause Letters of Credit permit documentary credit beneficiaries to receive funds for any merchandise outlined in the letter of credit. These letters… …   Investment dictionary

  • Red Clause — Klausel im Dokumentenakkreditiv (⇡ Packing Credit), durch die eine Bank ermächtigt wird, dem Begünstigten schon vor der Einreichung der Dokumente unter vereinbarten Bedingungen Vorschüsse zu gewähren …   Lexikon der Economics

  • Red-Clause-Akkreditiv — ⇡ Packing Credit …   Lexikon der Economics

  • Packing Credit — Anticipatory Credit, Bevorschussungskredit. 1. Begriff: Der P.C. ist ein ⇡ Akkreditiv, in dem die akkreditiveröffnende Bank eine andere Bank (sog. Zweitbank) durch eine Klausel ermächtigt, dem Akkreditivbegünstigten aus dem Akkreditiv einen… …   Lexikon der Economics

  • Free Exercise Clause — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I · …   Wikipedia

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  • аккредитив с красной оговоркой — Аккредитив, который позволяет получить проценты от номинальной цены аккредитива до поставки, что позволяет экспортеру заказывать продукцию и оплачивать другие расходы, связанные с обработкой и подготовкой заказа на экспорт. Аккредитив с красной… …   Справочник технического переводчика

  • Vorschussakkreditiv — Packing Credit; Sonderform des ⇡ Akkreditivs v.a. im Rohstoffhandel, die mit besonderen Klauseln versehen und mit der Gewährung von Vorschüssen an den Exporteur gekoppelt ist. Variante: ⇡ Red Clause …   Lexikon der Economics

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