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genvacci
- Posts: 1
- Joined: Sun Apr 28, 2024 12:46 am
- First Name: Kevin
- Last Name: Wharton
- Organization: AGC
- Filter: Two Plus 4 - 2 =: 4
- Location: UK
Post
by genvacci » Sun Apr 28, 2024 10:38 pm
Hi everyone! This is my first post so please take it easy on me
Got a couple of questions, if you don't mind.
1. Let's say I am a broker. When my buyer initially issues a transferable L/C for me, do I have to give him my supplier's name to be included as the second beneficiary? Obviously, I want to prevent my supplier and buyer from knowing each other to avoid being bypassed.
2. I am quite sure you have heard about assignment of proceeds before. Will it help to conceal my supplier's identity? Do I need a credit line for assignment of proceeds?
Thank you!