Letter of Credit

Letter of Credit Nater AssociatesAs with Standby Letters of Credit are required by law to be 100% funded upon
issuance. Normally, this would require that the client either deposit the full amount of
the LC into the financial institution providing the instrument, or qualify for a loan from the providing institution, also in the full amount of the LC requested. A client with the resources
to deposit the full amount of the LC requested, has no need of our services. Those clients who lack this liquidity can however, utilize the products of our provider and, through our network of brokers, can obtain the LC required for a very small fraction of the face value of the LC needed.

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