Electronic Communications/Summary

Unit 4.9-Electronic Communications

Introduction | Communication and Technology | Communicating Methods | Guidelines and Standards | Summary | Resources | Activities | Assessment Go to Unit 4.1 | Unit 4.2 | Unit 4.3 | Unit 4.4 | Unit 4.5 | Unit 4.6 | Unit 4.7 | Unit 4.8 | Unit 4.9 Return to Trade Finance Module 4: Payment Methods

Summary

Having completed this lesson, you should now understand how letters of credit and the required documentation are communicated between the buyer, seller and involved banks. In addition, with the growth of the internet the ICC has adapted its letter of credit guidelines to the changes in business by authoring the eUCP.