Documentary credits are one of the oldest, most sophisticated, and safest payment instruments used in international trade.
A Usance Letter of Credit (also known as a deferred LC) is payable at a future point following the conditions of the LC being fulfilled and the confirming documents being presented. Read our 2020 TFG Letter of Credit Guide on Usance Letters of Credit for Trade.
What is the difference between Red Clause and Green Clause Letters of Credit? Definition and explanation of Red and Green LCs by Trade Finance Global