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Besttradesolution welcomes users contribution to Trade Wiki. If you have more detail on the subject and confident to explain the subject matter better, please feel free to update the information.It may take some time to appear your update on the site while we process any submission.Please do not copy information directly from other sites. Thank you for your contribution.
Besttradesolution welcomes users contribution to Trade Wiki. If you have more detail on the subject and confident to explain the subject matter better, please feel free to update the information.It may take some time to appear your update on the site while we process any submission.Please do not copy information directly from other sites. Thank you for your contribution.
Back to Back Credit [Last Updated by: admin on 2012-01-01]
Two documentary credits, the second being issued on the understanding that reimbursement will be obtained from documents presented under the first credit issued. The first credit acts as security for the second and the beneficiary of the first credit becomes the applicant of the second credit.