pseudo-usance letter of credit

简明释义

假远期信用证

英英释义

例句

1.The contract specified that payments would be made through a pseudo-usance letter of credit to ensure timely delivery.

合同规定将通过伪远期信用证进行付款，以确保及时交货。

2.The exporter received a payment through a pseudo-usance letter of credit, which allowed them to ship the goods before the payment was due.

出口商通过伪远期信用证收到了付款，这使他们能够在付款到期之前发货。

3.Using a pseudo-usance letter of credit can help facilitate trade between countries with different banking practices.

使用伪远期信用证可以帮助促进不同银行业务实践国家之间的贸易。

4.In some cases, banks may issue a pseudo-usance letter of credit to enhance the credibility of the transaction.

在某些情况下，银行可能会签发伪远期信用证以增强交易的可信度。

5.The buyer preferred a pseudo-usance letter of credit because it provided them with more flexibility in cash flow management.

买方更喜欢伪远期信用证，因为它为他们提供了更大的现金流管理灵活性。

作文

In the world of international trade, various financial instruments are utilized to facilitate transactions between buyers and sellers. One such instrument is the letter of credit, which serves as a guarantee from a bank on behalf of a buyer that payment will be made to the seller upon fulfilling certain conditions. However, within this framework, there exists a concept known as pseudo-usance letter of credit, which adds an interesting layer to the traditional letter of credit mechanism. Understanding this term is crucial for businesses engaged in global commerce.A pseudo-usance letter of credit (伪展期信用证) is essentially a hybrid form of a letter of credit that combines features of both sight and usance letters of credit. In a typical sight letter of credit, the payment is made immediately upon presentation of the required documents, while a usance letter of credit allows for a deferred payment period, usually ranging from 30 to 180 days after the documents are presented. The pseudo-usance letter of credit introduces a unique twist by allowing the seller to receive payment earlier than the standard usance terms, yet not immediately like a sight letter of credit.This type of letter of credit is particularly beneficial for sellers who may require quicker access to funds without the immediate payment obligation that comes with a sight letter of credit. For instance, if a seller ships goods to a buyer and presents the necessary shipping documents, the bank may provide payment to the seller under the pseudo-usance letter of credit while simultaneously extending the payment term for the buyer. This arrangement can help foster stronger relationships between trading partners, as it provides flexibility to both parties.The operational mechanism behind a pseudo-usance letter of credit involves careful negotiation and agreement on the terms set forth in the letter. Both the buyer and seller must agree on the specific timeline for payment and any associated fees or interest that may apply during the extended payment period. This requires clear communication and trust between the parties involved, as well as a solid understanding of the risks associated with deferred payments.Furthermore, banks play a crucial role in this process. They must assess the creditworthiness of the buyer to ensure that they will be able to fulfill their payment obligations at the end of the agreed-upon term. This risk assessment is vital because, while the seller benefits from earlier payment, the bank must still ensure that they are protected against potential defaults by the buyer.In conclusion, the pseudo-usance letter of credit (伪展期信用证) represents an innovative approach to financing international trade. By blending elements of both sight and usance letters of credit, it offers a flexible solution for sellers seeking timely payment while still accommodating the buyer's cash flow needs. As global trade continues to evolve, understanding such financial instruments will be essential for businesses looking to navigate the complexities of international transactions effectively.