CC limits
This query is : Resolved
Pinki Agrawal
(Querist)
15 December 2009
What is the difference between CC and LC limits
15 December 2009
CC means Cash Credit and LC means Letter of Credit. CC is a short term Working Capital Finance. Whereas LC is the guarantee taken by bank to the exporter on behalf of the importer to make the payments for import proceeds.
CS Vandana Kacholia
(Expert)
15 December 2009
agree with suggestions
CA Ravi Sisodia
(Expert)
15 December 2009
Agree with Mr. Amol
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