References in periodicals archive ?
The financing will be used for general corporate purposes including the issuance of standby and commercial letters of credit, Stein Mart said in a statement.
Shipper's indemnities put the risk where it belongs while taking advantage of the fact commercial letters of credit are intended to be paid.
From their modest beginnings in the '50s as an appendage of commercial letters of credit, standbys have evolved into a workhorse of commerce and finance.

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