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Transferable Credit [Last Updated by: admin on 2012-01-01]
Transferable Credits allow middlemen finance international trade transactions without having their own financial resources. The Beneficiary of a Transferable Credit can arrange with the Advising Bank to transfer all or part of the Credit to supplier/transferees anywhere in the world, up to the value of the main Credit but only in the manner and to the extent agreed by the Advising Bank.

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