Discover the main differences and uses of bank guarantees and letters of credit, highlighting their roles in reducing risk in transactions for commerce and real estate.

Collateral securing a commercial mortgage loan commonly consists of the real property and all other assets owned by the borrower, including all cash and revenue derived from the operation of the ...

On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank, Santa Clara, California (“SVB”) and subsequently appointed the Federal Deposit Insurance ...

Commercial letters of credit provide reliable means of payment in commercial sale transactions Letter of credit and bank's payment are independent of underlying sale transaction Bank's obligation to ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Rising costs and ongoing supply chain disruptions are ...

One of the best ways to establish a good credit rating for your business is to open corporate credit lines with your vendors. Most new vendor transactions require point-of-sale payment or payment on ...

Doing business in a fast and turbulent environment is difficult. Regulations change, new technology emerges, and rapid changes in external environments continuously affect small businesses. A major ...

While unexpected, the closure by California regulators of, and the appointment of the Federal Deposit Insurance Corporation (“FDIC”) as receiver for, Silicon Valley Bank (“SVB”) is an event that is ...

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information. “If taxpayers ...

In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein of DLA Piper discuss the various approaches by which a lender can secure an interest in a letter of credit held by a borrower on ...