local letter of credit

基本解释

Buyer informed the local bank to the seller for the opening of the beneficiaries of letters of credit.
买方通知当地银行开立以卖方为受益人的信用证。
Restrained in the legal stipulation, US's banking circles in order to compete with other local bank in the world effectively established the standby letters of credit.
受制于法律的规定，美国的银行界为了与世界上其他地区银行开展有效的竞争而创设了备用信用证。
According to Yingxi Yu of Barclays Capital in Singapore, such companies use short-term letters of credit from local banks to import copper, which is then sold to generate cash for other investments.
巴克莱资本(Barclays Capital)驻新加坡的分析师Yingxi Yu表示，这些企业利用当地银行的短期信用证进口铜，接着卖出，以便为其它投资项目筹资。