Types of Payments/Assessment

Assessment
{Letters of credit promise the beneficiary that funds will always be transferred -immediately. +based on the agreed tenor of the l/c. -within 3 – 5 working days. -in a reasonable time frame.
 * type=""}

{When funds are transferred 60 days after sight without a draft, this is a(n) ___________ letter of credit. -acceptance -negotiation +deferred payment -sight
 * type=""}

{The different types of letters of credit allow the buyer and seller to be -risk-free. -restricted. -limited. +flexible.
 * type=""}

{If payment is to be made at negotiation, the funds are paid to the beneficiary by the +advising, issuing or confirming bank. -issuing bank only. -confirming bank only. -advising bank only.
 * type=""}

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