2. 外语
  3. A、It consists of one commercial credit and one standby credit. B、It consists of two entirely separate documentary credits. C、It

A、It consists of one commercial credit and one standby credit. B、It consists of two entirely separate documentary credits. C、It

admin2013-12-25  46
问题  
Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman’ s bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.
25. What do the back-to-back credits consist of?
26. In which situation do the back-to-back credits apply?
27. In whose favor is the back-to-back credit issued?
选项 A、It consists of one commercial credit and one standby credit.
B、It consists of two entirely separate documentary credits.
C、It consists of a credit and some commercial documents.
D、It consists of a bill of exchange and a bill of lading.
答案B
解析 录音原文提到“Back—to一Back”credits consist of two entirely separate documentary credits，…背对背信用证由两个完全不相关的信用证组成。
转载请注明原文地址:https://kaotiyun.com/show/WQid777K
本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
0

FECT综合（现代金融业务）

金融英语（FECT）

相关试题推荐
随机试题
最新回复(0)