RNR Trade Corporation Company Limited

Have you just started your business? Well, there’s no secret that for a small business owner, it’s hardly possible to invest a huge capital for your company. That’s why you should take a glance at every small opportunity that you can use as a tool for your business growth. Most business entrepreneurs look for an import letter of credit in Vietnam for their business growth when there’s any financial crisis. It can help your company out of any critical condition. Also, business investors and clients will take interest in your business as well. Are you finding this post interesting? If yes, scroll down the page and keep on reading today’s post! What Is A Letter of Credit? Letters of credit are a kind of banking itself. The buyer’s banks assure the seller of remitting the amount on his bank using the letters of credit. The entire transaction depends on the contractual agreement between the seller and the buyer. This mechanism is also known as Documentary Credit as well. Anyway, there are d

 A financial guarantee is a contract issued by a third party or guarantor for supporting the debt of a second party or the creditor for its payments to the ultimate debt-holder or investor. In other words, a financial guarantee in Thailand is an oath to take responsibility for the financial obligation of another company in a case, that company is unable to meet its obligation. The person supposing this liability is considered the guarantor. Features of Financial Guarantees Financial guarantees are basically insurance policies guaranteeing paying a particular debt issue in case the debt issuer faces any financial difficulties.  For big companies, usually the insurance companies or other large, and stable financial companies issue financial guarantees. These are often a parent company for the advantages of a subsidiary.  Financial guarantees can lead to a higher credit rating, reducing the cost to the issuer. While apparently carved in stone, financial guarantors tend to hesitate in extr