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Interest rate on LC
Posted: Mon Aug 31, 2009 2:30 pm
by vaidish
what basis the bank works out the interest on usanace L/C?
Interest Calculation
Posted: Wed Jul 14, 2010 1:15 am
by bdesh
Hi,
The question is not fully clear to me. Pls elaborate.
Regards
there is no any written article about interest pct.
Posted: Mon Jul 19, 2010 5:56 pm
by edilee
bdesh asked
what basis the bank works out the interest on usanace L/C?
my answer is
there is no any written article about that usance for interest may be like libor + 2 or 3 or anything else it depends on the stiuation.