SLOC
Standby Letter of Credit (SLOC) is also referred to as a ‘non-performing letter of credit’. It is a letter that a bank issues to guarantee payment towards a third party in behalf of the client of the bank. This letter is used in the case that the client of the bank is unable to pay the a contractual commitment towards a third party and only employed usually as a last resort.
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Fair Trade Investing
A strategy where investors choose only those companies that promote fair trade with suppliers in developing nations.
Barter
The act of trading services and goods between more than one parties without using any money. Bartering benefits countries and companies which views ...
Rafael Miranda Robredo
Rafael Miranda Robredo was born in Spain in 1949. He became Endesa’s CEO, a Spanish electricity company, in 1997. Before working for Endesa, ...
Oil ETF
Oil ETFs have a great demand from investors as oil is a universal commodity in the modern international economy. Almost every end product used by c ...
Equity Linked Note - ELN
Debt instrument whose return is identified by the performance of an individual equity security, basket of stocks, or an equity index.
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