NatWest is getting out of LOC business

Kuiper, Mark T.
December 1997
Bond Buyer;12/02/97, Vol. 322 Issue 30283, p40
Trade Publication
Reports on the announcement by National Westminister Bank on December 1, 1997, that it has decided to exit the letter of credit business (LOCs). Reasons given by the bank for its decision; Details on the profitability of LOCs; Comments from different persons on the issue.


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