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    6 Replies Latest reply on May 8, 2009 10:53 AM by banks1411

    Need Letter of Credit

    diversetax Wayfarer
      I have a business associate that has been approved for millions in bond funds to start a business. In order for him to receive the funds, he will need a letter of credit from an "A1" rated bank or a "A1" rated bank to agree to use the bonds as collateral. I am not sure of the other details and am trying to help him. Does anyone know of a resource that he could go to for help. He advised me that he has been to different banks and have had no luck.

      Please advise if you know a resource. I can try and get more dtails from him if needed.

      God Bless