(Choose 1 answer)
This type of letter of credit is a new credit opened on the basis of an already existing, nontrai is used by traders to make payment to the ultimate supplier. A trader receives a documentar buyer and then opens another documentary credit in favor of the ultimate supplier. What is th
A. A transferable credit
B. Standby credit
C. A red clause credit
D. Back-to-Back Credit
E33
