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🌐 75% Global Worthiness
Bank Letters of Credit: Securing High-Value Transactions
A bank letter of credit safeguards payments for high-value purchases by holding funds in a blocked account until the seller fulfills the agreement and provides proof, mitigating risks in various transactions; Sberbank reports over 1 million issued since 2021.
Bank Letters of Credit: Securing High-Value Transactions
A bank letter of credit safeguards payments for high-value purchases by holding funds in a blocked account until the seller fulfills the agreement and provides proof, mitigating risks in various transactions; Sberbank reports over 1 million issued since 2021.
Progress
40% Bias Score
Reduced Inequality
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