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Letters of Credit
A Letter of Credit (L/C) is a financing vehicle that essentially substitutes the
credit strength of the bank for that of your company. Dollar Bank issues
Standby L/Cs to support third party loans, performance guarantees and other
obligations of your company. Documentary L/Cs to support domestic and
international trade are issued either as a direct obligation of Dollar Bank or
as an indirect obligation through one of our international banking
correspondents. If you are interested in international trade, please contact
us.
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