Added for discussionFor many years it has been the US government's policy, approved and monitored by the relevant authorities, to attract part of the huge surplus of Eurodollars back into the US banking system by enabling European Prime Banks to issue Bank Debenture Instruments in the form of Letters of Credit (LCs), Standby Letters of Credit (SLCs), Prime Bank Notes (PBNs), Prime Bank Guarantees (PBGs) and Documentary Letters of Credit (DLCs)
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05-03-2007, 06:59 PM #1
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