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Sagot :
A Letter of Credit (or LC) is a commonly used trade finance instrument used to ensure that the payment of goods and services will be fulfilled between a buyer and a seller.
What is the role of intermediaries in the real estate market?
The middleman, or "middleman," as the Anglo-Saxons referred to him, has been crucial in bringing together suitable supply and demand. He is the one who makes the transaction possible, especially when it involves businesses with various geographic bases that otherwise might not have come together.
It engages in a certain activity that is completely different from that of the buyer and the supplier, who are the true stakeholders in international commerce and are referred to as the principals. Producing and selling are the supplier's roles. The role of the buyer is to purchase things and resale them with a profit in his jurisdiction. The mediator's main goal is to facilitate the reconciliation of supply and demand, not of the buyer and seller.
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