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(Querist)
27 January 2009 what do you mean by SLR

what do you mean by Letter of Credit, how it is Useful to Exporter Country and Importer Country Trader?
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Deepak Agrawal

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Deepak Agrawal (Expert)
27 January 2009 SLR: Statutory Liquidity Ratio...

As regards LOC, it is given by importer bank to exporter regarding creditworthiness of importer. Its different from Bank Gurantee where bank pays on behalf of importer if not paid by importer...
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