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This query is : Resolved
27 January 2009
what do you mean by SLR
what do you mean by Letter of Credit, how it is Useful to Exporter Country and Importer Country Trader?
what do you mean by Letter of Credit, how it is Useful to Exporter Country and Importer Country Trader?
27 January 2009
SLR: Statutory Liquidity Ratio...
As regards LOC, it is given by importer bank to exporter regarding creditworthiness of importer. Its different from Bank Gurantee where bank pays on behalf of importer if not paid by importer...
As regards LOC, it is given by importer bank to exporter regarding creditworthiness of importer. Its different from Bank Gurantee where bank pays on behalf of importer if not paid by importer...
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