A red clause letter of credit is a specialized financing method in which a buyer extends an unsecured loan to a seller.

Use cases for letters of credit (LOCs) in the re/insurance industry are familiar to many. Even in an era when more than 100 non-US re/insurers hold reciprocal re/insurer status and presumably face ...

For community and regional banks, letters of credit remain one of the most valuable and often underappreciated tools for supporting local businesses engaged in domestic and international trade. Even ...

Landlords that aren’t engaging in lease negotiations with WeWork can tap letters of credit to cover rent the bankrupt co-working space provider is withholding, the company said in a filing. The brief ...