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Trade Finance

Transfer Facilities

Transferable Documentary Credit

This documentary credit permits the original beneficiary (first beneficiary or transferor) to transfer all or some of the rights and obligations under the credit to a second beneficiary or to several beneficiaries. It can only be transferred once to a second beneficiary.

Back to Back Credit Facilities

A documentary credit known as a master documentary credit whose recipient is generally a company acting as an intermediary which in its turn opens a second credit in favor of the supplier of goods.