CC limits

This query is : Resolved 

15 December 2009 What is the difference between CC and LC limits

15 December 2009 CC means Cash Credit and LC means Letter of Credit. CC is a short term Working Capital Finance. Whereas LC is the guarantee taken by bank to the exporter on behalf of the importer to make the payments for import proceeds.

15 December 2009 agree with suggestions


15 December 2009 Agree with Mr. Amol



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