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Raymond Bradbury
@bradburyraymond1980 05, Apr 2023 12:00 AM
Difference between bank guarantee and letter of credit
What is the difference between bank guarantee and letter of credit?
answers 1
Answer 1
Kaitlyn Leyton
@leytonkaitlyn 06, Apr 2023 10:37 AM
There is not much difference between bank guarantee and letter of credit as they both take the liability of payment. A bank guarantee contains more risk for a bank than a letter of credit as it is portecting both parties the purchaser and seller.