Configure letters of credit and guarantees in Dynamics 365 Finance
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Configure letters of credit and guarantees in Dynamics 365 Finance

Learn about letters of credit, bank documents that are used for the purchase/sale of goods across international borders.

Microsoft
Updated Apr 08, 2020

Letters of credit are bank documents that are commonly used for the purchase and sale of goods across international borders. A letter of guarantee is an agreement by a bank (the guarantor) to pay a set amount of money to some person (the beneficiary) if a bank customer (the principal) defaults on a payment or an obligation to the beneficiary.