So most of us have a Commercial FDIC insured bank account we all use, How hard would it be to write in a letter of credit on that insurance policy for 250,000 bucks and deposit the letter of credit into the bank for a Christmas bonus? Commercial Letter of Credit This is the most common letter of credit. The issuer guarantees payment to the holder once the stipulated obligation is met. It doesn’t have any additional requirements or assurances for either party, and it’s typically the easiest type of letter of credit to access for small businesses.

Posted by Deleted (a553a299) at 2020-11-10 15:54:50 UTC