What is a Back to Back Letter of Credit? - Drip Capital
https://www.dripcapital.com/resources/blog/back-to-back-letter-of-credit-lc
WebDec 27, 2020 · When a transaction takes place between a buyer and a seller keeping an intermediary in the loop, the type of LC used in such cases is known as 'Back to Back letter of credit'. Generally, a broker or trader acts as an intermediary between the seller and the buyer. Instead of issuing an LC to the supplier, the buyer issues it to the intermediary.
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