Corporate Banking

Introduction

  

Back-to-Back L/C is an L/C issued by XIB with the actual supplier as beneficiary upon the application made by the intermediate company after it receives the original L/C issued by end buyer with itself as beneficiary in the course of “three-party trade”.

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Back-to-Back L/C

Back-to-Back L/C is an L/C issued by XIB with the actual supplier as beneficiary upon the application made by the intermediate company after it receives the original L/C issued by end buyer with itself as beneficiary in the course of “three-party trade”.

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