Sentence examples for bank letter from inspiring English sources

They also had to supply a "bank letter" from a financial institution that the Badische Trust deemed acceptable.

The exchanges said they were awaiting a bank letter of credit to guarantee payments to members before completing the merger.

Mrs. Taleghani, 25, is the publisher of Bond Week, Derivatives Week, Bank Letter and Real Estate Finance and Investment, newsletters owned by Institutional Investor Inc. in New York.

He remains interested in doing business with China, but with conditions: "If I do it again, I'll insist on payment in advance, or a bank letter of credit," he said.

John Kearns, a retired commercial developer from Lake Tahoe, went to great lengths to obtain the "bank letter" required to secure a twenty-five-million-dollar loan from the trust, travelling to Toronto, Halifax, New York, London, and Hong Kong.

Callers are told straight up that they must present a bank letter stating they are qualified to pay cash because the Marshals Service will not allow financing, Ms. Hegner said.

Chinese exporters rely very heavily on bank letters of credit to finance their shipments.

The convention in the world of financial guarantees, just as for bank letters of credit, is to pay first, and sue later.

Rather, bank letters of credit have historically been the sole instrument for opaque SMEs to establish trust with foreign trading parties and minimize international trade risks.

Unlike auction-rate securities, the demand obligations are supported by bank letters of credit, which allow buyers to "put," or sell, the bonds to the banks.

After all, he noted, the bank letters of credit on which many small importers depend place a large amount of control in the hands of the issuing lenders.